Wednesday 12 September 2012

Great news. So then they won't be needing any more taxpayers money to 'revitalise' housebuilding

From Sky News:

Barratt Developments has reported an increase in annual profit to £191.1m - up 41.6% on the same period last year.

Revenues at the housebuilder - known for its new-builds - increased by 14.1%, while the average sales price of its homes rose from £178,300 to £180,000. It also managed to almost halve its net debt to £167.7m.

Government schemes to boost the housing market and a drive to build new homes on higher-margin land - in the South East for example - boosted its results, the company said. An increase in the number of homes it completed - 12,637 this year compared with 11,078 last year - also helped.


Via Paul at HPC

2 comments:

Robin Smith said...

Nice to see they admit they are a social service. Socialists.

Bayard said...

"Great news. So then they won't be needing any more taxpayers money to 'revitalise' housebuilding"

What are you talking about? On the contrary, it shows how well those Government schemes work. Let's have lots more of them.