Redrow celebrates outstanding six months with profits hitting £176m
Flintshire-based housing developer Redrow has enjoyed a stellar six months with property completions up 14% to 2,811.
In the half-year to December 31, pre-tax profits rose year-on-year 26% to £176m and revenue also climbed from £739m in the corresponding period in 2016 to £890m.
Meanwhile, net debt fell to £35m from £73m at June 2017. Earnings per share were up to 27% 39.5p.
Looking ahead chairman Steve Morgan said: “Reservations in the first five weeks of the second half have been in line with the strong comparable pe... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
