Barratt Developments release strong full year figures

Barratt Developements PLC released yesterday  their Final Results for the year ended 30 June  2016 headlined ‘Another year of strong performance and a positive start to FY17’.

Top of the list of highlights they stated: Disciplined growth in housing completions, delivering our highest total in eight years.

Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said: “The strong operational and financial performance in FY16 reinforces the progress we have made over the last few years as does our disciplined volume growth. This was underpinned by our fast asset turn model and our industry leading customer service and construction excellence.

Barratt starts the new financial year in a good position with a strong balance sheet, good forward sales and an experienced management team. Whilst we continue to monitor market conditions closely, current trading trends are positive, and I remain confident in the fundamentals of the housing sector and of our business.”

To read the Final Results in full for Barratt Developments click here

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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