‘Strong first half’ in Barratt’s latest financial results

‘Strong first half’ in Barratt’s latest financial results

Barratt, the UK’s largest housebuilder, has reported a “strong first half” of its financial year. The results are for the period ending 31st December 2017.

The company recorded total completions for the first half at 7,324 plots, and indicated “good growth” in profit before tax, up 6.8% to £342.7m.

Total forward sales are up 2.0% to £3,077.9m and net private reservations up 6.5%.

Commenting on the results David Thomas, Chief Executive of Barratt Developments PLC said: “With good consumer demand, a healthy forward order book and a robust balance sheet, overall we have had a strong first half and we continue to deliver against our operational and financial objectives. As the UK’s largest housebuilder, we enter our 60th year increasing our housing output, creating jobs and supporting economic growth across the country. Having built more than 450,000 homes since 1958, Barratt remains focused on quality, design and industry-leading customer service while delivering homes the country needs.”

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