Taylor Wimpey’s pretax profit fell 24% to £205m in the six months ended 2 July after the company set aside £130m to deal with disputed leasehold contracts.
Chief executive Pete Redfern said the company thought the £130m provision would draw a line under the issue, and that it did not expect to incur further costs.
The homebuilder completed 6,580 homes, a rise of 9.3%, while the average selling price was 6.3% higher.
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