RE: Ready to bounce back14 Jul 2022 10:57
Another builder doing well ....
"Barratt Developments sees "excellent" year amid inflation
(Alliance News) - Barratt Developments PLC on Thursday said it delivered an "excellent" performance for its recently ended financial year, reflecting strong customer demand for homes and the productivity of its sites despite build cost inflation.
For the financial year that ended June 30, the Leicestershire-based property developer said adjusted pretax profit is anticipated to be in the range of GBP1.05 billion and GBP1.06 billion, slightly ahead of current market consensus expectations at GBP1.048 billion, and up from GBP919.7 million in financial 2021.
Barratt said total home completions returned to pre-pandemic levels, with 17,908 homes completed in the year, up 3.9% from 17,243 homes the year before."