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Housebuilder Redrow pre-tax profit down 35%

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  • Housebuilder Redrow pre-tax profit down 35%

    Redrow posted a 35% fall in half-year pre-tax profits and said the markets in which it operates remained ‘clearly’ challenging.The housebuilder, based in Flintshire, said pre-tax profits from continuing operations for the half-year to the end of December slumped to £35.8 million from £54.7 million.Total house sales for the period were 2,111, down 4.7% year-on-year. [...]

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