Barratt Developments’ order book has risen beyond expectations.
The housebuilder said yesterday that orders had risen from 13,064 homes, or £3bn, a year ago to 15,660 or £3.7bn in late August.
Its pre-tax profits for the 12 months to the end of June almost halved from £909.8n last year to £491.8m after it was knocked by £74.3m of costs due to the pandemic.
Revenues were down by 28.2% to £3.4bn as completions fell to 12,604 from 17,856 in 2019. The housebuilder has struck a note of caution, however, by scrapping its planned dividend.
