Barratt interim profit rises despite legacy issues hit

By Joey Gardiner2021-02-04T09:37:00

Croydon residential scheme sees housebuilder take £51m charge

Housebuilder Barratt saw its latest interim pre-tax profit rise, despite having to incur a £51m charge to repair “legacy properties” affected by build safety issues.

The UK’s largest housebuilder said pre-tax profit was up 1.7% to £430m on revenue up 10% to £2.5bn for the half year to 31 December.

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