Barratt cancels annual dividend as Covid-19 slashes profit by 46%

Barratt homes

Barratt Developments has told investors it is not yet the right time to resume paying a dividend as it revealed a 46% slump in annual profit for the year to the end of June.

The FTSE 100-listed housebuilder posted a pre-tax profit of £491.8m for the year, down from £910m 12 months earlier.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue