UK housebuilder Redrow has posted a record set of first-half results, including a 17% increase in revenues to £890m ($1.2m) and pre-tax profits up a quarter to to £176m. The company said it had achieved its target for the first six months of this year by increasing sales volume from last year's level by more than 50%. In addition, Redrow's H2 order book is up 5% to £1.1n, and company shares rose 2.8% to 610.50p.
UK housebuilder Redrow has posted a record set of first-half results, including a 17% increase in revenues to £890m ($1.2m) and pre-tax profits up a quarter to to £176m. The healthy figures have prompted the company to pay an interim dividend of 9p per share, an 50% increase on last year's payment. In addition, Redrow's H2 order book is up 5% to £1.1n, and company shares rose 2.8% to 610.50p.