Housebuilder Barratt Developments has announced pre-tax profits of 159%, flying in the face of a stymied market and the recession.The company also revealed that its net debt had almost halved.Its final results for the year ending 30 June 2012 show that group revenues were up 14% to £2,323m. The company recorded 12,637 completions in the period, up from 11,078 the previous year.Mark Clare, Group Chief Executive, said: “The year has seen a rapidly improving performance across the Group...
