Redrow has hiked its FY pretax profit by 23% to £250m, from £204m. Revenue was £1.38bn, from £1.15bn. FY dividend was 10p a share, from 6p. "I am delighted to report that for the third consecutive year Redrow has delivered a record set of results," said chairman Steve Morgan. "Pre-tax profits were £250m, achieved by completing over 4,700 much needed new homes, a 17% increase over last year. "Redrow entered the new financial year with a record private order book of £807m, up 54% year on year. "Sales in the first 10 weeks are very encouraging and up 8% on a strong comparator last year. Our strategy of continued growth for the business is on track and I am confident this will be another year of significant progress for Redrow."
+0.50p (+0.13%)delayed 18:15PM