Covid blamed as Taylor Wimpey sees last year’s £300m interim profit turn into £40m loss

By Joey Gardiner2020-07-29T08:59:00

Source: Shutterstock

Housebuilder saw completions fall 58% because of pandemic

Number two UK housebuilder Taylor Wimpey has fallen to a pre-tax loss of £40m in the wake of the covid crisis, according to half year results published this morning.

The loss for the six months to 28 June compares to profit of £300m for the same period in 2019 – and come on the back of a 58% slump in completions due to the coronavirus-inspired construction hiatus.

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