Redrow profit more than doubles

By Carl Brown2021-09-15T09:26:00

Source: Shutterstock

But £2bn turnover housebuilder warns of slowing market

Redrow has warned of a slowing housing market and called for permanent changes to stamp duty even as it posted a 124% increase in pre-tax profit.

The housebuilding giant, in its results for the year to 27 June published today, reported pre-tax profit of £314m, a substantial increase on the £140m posted last year amid the covid-19 lockdown. But the figure is still 23% lower than the £406m it posted in 2018/19 before the pandemic.

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