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 profit before tax up 73.7%
Barratt Developments compared their results in the year to 30th June 2013 with performance in the previous year.
- Profit before tax up 73.7% to £192.3m
- Net debt reduced from £167.7m to £25.9m
- Board proposed shareholder dividend of 2.5p per share payable in November
- 13,663 completions compared to 12,857 in 2013
Mark Clare, group chief executive, said: “These are significantly improved results and we have had a very strong start to the new financial year."
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