On February 8, Redrow posted first-half pretax profits of £140mln, up 35% from the £104mln reported at the same stage a year earlier, as revenues rose by 23% to £739mln from £603mln. 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 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.