Barratt profit tops £900m as housebuilder beats MMC target

By Hamish Champ2019-09-04T08:11:00

Firm built a fifth of its homes using modern methods of construction

Barratt’s profit has topped £900m as the housebuilder revealed it had beaten a self-imposed target for the use of modern methods of construction.

This morning the firm announced a record annual pre-tax profit of £910m from a turnover of £4.8bn in the year to 30 June.

While turnover fell 2.3%, from £4.9bn the previous year, pre-tax profit rose by 8.9% from £836m.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community