Barratt records 73% profits
House builders Barratt Developments has said their average selling price rose by £14,000 to £194,000 during the year to June, as they announced profits before tax up 73.7% to £192.3m.
Barratt Developments group operating profit up 32.2%
Barratt Developments said their average selling price jumped to £194,000 in the year to 30th June 2013 from £180,000 in 2012.
Group operating profit was £252.7m, up 32.2% on the previous year, the house builder announced.
Revenues were up by 12.2%.
"Stronger market conditions, coupled with the extensive improvements in our operational performance, have led to a significant improvement in the financial results and the outlook for the Group," chairman Bob Lawson said.
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