Latest news for Barratt Redrow (OTC:BTDPF) Stock

Barratt Developments

Barratt Developments is the UK's largest residential property developer by revenue and dwelling completions, marketing homes under its three brands: Barratt Homes, David Wilson, and Barratt London. Aligning with the typical business model employed by UK homebuilders, Barratt is vertically integrated through the land development, construction, and sales and marketing segments of the residential property development value chain.

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Earnings

Barratt Posts Surge In Pretax Profit

Barratt Redrow PLC

Barratt Redrow

Barratt Developments PLC (OTC: <a class="ticker" href="/stock/btdpf#OTC">BTDPF</a>) reported a strong rise in its full-year pretax profit.

Barratt's pretax profit for the period surged to 390.6 million pounds ($629.7 million), versus GBP104.5 million, in the year-ago period.

Its revenue surged 21% to GBP3.16 billion.

Barratt sold 14,838 homes, up 8.6% versus the year-ago period, at an average price of GBP241,600.

The company also declared a final dividend of 7.1 pence per share.

Chief Executive Officer Mark Clare said, "Our disciplined approach will support a further significant increase in performance this year."

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