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Barratt Developments reports a 19% half-year profit

Barratt is the UK’s most well known and largest housebuilder and despite the ongoing concerns re Brexit and a down turn in the property market, it has reported a jump in half year profits of 19%.

The news is that the government’s ‘Help to Buy‘ incentive along with affordable finance packages for mortgages is what has caused the sustained demand causing a 7.2% rise in revenues to £2.1 billion in the six months to December 31st 2018, while pre-tax profits jumped 19.1% to £408 million.

Chief executive David Thomas was quoted as saying: “Whilst we continue to monitor market conditions closely, current trading is in line with our expectations and we are confident of delivering a good financial and operational performance in full year 2019.


Full story can be read on the Insider website.

EAN Breaking News

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

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