Barratt announces massive rise in pre-tax profits

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Published by Max Salsbury for 24dash.com in Housing and also in Development

Barratt Developments PLC has announced a massive 113.4 percent rise in pre-tax profits for the final six months of 2012. The housebuilder today revealed £46.1m in pre-tax profits for the six months to December 31, up from £21.6m during the same period in 2011. However, group revenues and completions were slightly down on 2011. Barratts completed 5,085 units in the second half of 2012, a drop from 2011's 5,117. The firm's interim report also revealed: Significant increase in approvals to acquire higher ma...

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