An increase in legal completions and a better-than-anticipated uptick in average selling prices have enabled a strong year-to-date performance from Redrow , according to a company statement. The firm is confident that it will see the previous financial year pretax profits of $382m ( at least £306m ), an increase of 22% compared to the previous financial year . This positive forecast comes as Redrow looks to further encourage Bovis Homes shareholders to reconsider a merger with the company.
An increase in legal completions and a better-than-anticipated uptick in average selling prices have enabled a strong year-to-date performance from Redrow, according to a company statement. The firm is confident that it will see full-year pretax profits of at least £306m ($382m), an increase of 22% compared to the previous financial year. This positive forecast comes as Redrow looks to further encourage Bovis Homes shareholders to reconsider a merger with the company.