UK housebuilder Barratt Developments has reported a nine-year high of 17,395 completions in its full year results to 30 June.
In its latest trading update the company said that it built 76 more homes than in the previous year, while pre-tax profit was expected to increase to around £765m, up from £682m a year earlier.
The company also said that it is expected to deliver on its financial targets, set in 2014, of 20% gross profit margin and 25% return on capital employed for the 2017 financial year.
Chief executive David Thomas said: “It has been another very strong year for the group both operationally and financially. We have delivered our highest number of completions for nine years, more than any other housebuilder, and continue to see a positive mortgage environment and strong consumer demand.”
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