Redrow profit rockets 124%, but housebuilder warns of cooling market

John Tutte, chief executive of Redrow

Housebuilder Redrow more than doubled its annual profit after construction markets bounced back as Covid-19 restrictions eased, but has warned the market is cooling after the recent mini-boom.

Pre-tax profit rocketed 124% during the 12 months to 27 June to £314m, as revenue rose 45% to £1.94bn.

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