Taylor Wimpey announces trading in first half 2017 very positive.

August 1, 2017

Taylor Wimpey plc today announce their half year results for the period ended 2 July 2017.

Group profit before tax of £205.0 million (H1 2016: £268.8 million).

Completed a total of 6,580 homes, excluding joint ventures, an increase of 9.3% (H1 2016: 6,019).

Pete Redfern, Chief Executive, commented:

“Trading through the first half of 2017 has been very positive, supported by favourable UK housing market fundamentals and good customer confidence. In the central London market in particular, we are pleased to see improved customer confidence following a period of uncertainty.

Although the wider political backdrop could have an impact on confidence levels and market dynamics, we have seen no material change in trading since the General Election, and our first half performance has been strong. Our business is built to maximise performance in all market conditions, benefiting from a robust balance sheet and high-quality landbank. With a strong forward order book and a disciplined strategy to manage the business through the cycle, we remain on track to meet both our full year objectives and medium term strategic goals”.

Read the Taylor Wimpey PLC announcement today in full 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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