Taylor Wimpey record profits.
Taylor Wimpey PLC yesterday released their trading statement for the year to the 31st December 2015, they reported record profitability as demand surged.
The UK’s third-biggest housebuilder reported a record operating profit margin of over 20% in the year to the end of December, on the back of strong demand in the UK housing market.
Pete Redfern, Chief Executive, reportedly commented: “We have delivered a strong trading performance in 2015, in a positive housing market, building more homes than at any point in the last six years and delivering a record operating profit margin of over 20%. We are confident that the principles we are operating to will deliver long term sustainable value across the housing cycle, and we remain focused on working with communities and our customers, suppliers and employees to drive continual improvement in the quality and consistency of our operational business.”
Barratt Developments, Persimmon and Berkeley, also made strong gains throughout the year, rising between 30pc and 50pc.
To see the Taylor Wimpey PLC trading statement in full click here
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