Housebuilder Redrow’s profit beats expectations
LONDON |
Thu Sep 8, 2011 7:51am BST
LONDON (Reuters) - Housebuilder Redrow (RDW.L) posted annual pretax profit ahead of expectations, thanks to a 10 percent rise in selling prices, but warned the outlook for the property market is challenging.
Redrow, one of the smaller listed volume housebuilders, posted a pretax profit of 25.3 million pounds in the 12 months to end-June, compared with 0.7 million in the prior year.Market expectations edged higher during Read more [...]