Barratt predicts successful 2006 after steady if unspectacular growth during second half of 2005.
Barratt Developments has reported stable results in half-year figures announced this morning.
The housebuilder posted a 2% increase in turnover for the six months to 31 December 2005 to £1.17bn, while pre-tax profits grew 4% to £163.9m.
Completions for the period stood at 7,003, up from 6,866 a year earlier, while the firm's land stock stood at 63,365 plots, equivalent to more than four years' supply.
David Pretty, group chief executive of Barratt Developments, said: "Our team performed well across the country despite a very competitive market place. Together with an intense focus on all aspects of operational management, this secured another good result."
"At the same time, we again strengthened our land bank. Healthy forward sales at the half year have now increased to £910m which, together with completions to date, secures 90% of our full year requirement. On current form we are on track for another successful year and are in good shape going forward."
