• Text size      
  • Send this article to a friend
  • Print this article

Housebuilder Barratt's profits up to £120m

BARRATT Developments has said its interim pre-tax profits more than doubled to £120.4 million.

Revenue in the six months to December 31 grew by 33% from £951.1m to more than £1.26 billion.

The UK Government-backed Help to Buy scheme was used in 29% of the 6196 housing completions the company managed in the period.

Mark Clare, chief executive, predicted annual profits at the top end of expectations and said: "Our momentum has continued into 2014 with sales rates well above last year and forward sales of £1.7bn."

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.