Finance

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

By 2021-09-15T07:42:00

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.

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