Housebuilder Barratt Developments has posted a hefty rise in annual profits as it hailed an “outstanding” year. Housebuilder Barratt Developments has posted a hefty rise in annual profits as it hailed an “outstanding” year. The group posted 9.2% rise in annual pre-tax profit to a record £835.5 million, while revenue increased 4.8% to £4.87 billion. Barratt said market conditions remain good and the availability of attractive mortgage finance and the Government’s Help to Buy scheme continue to support “robust consumer demand”. Laith Khalaf, senior analyst at Hargreaves Lansdown, said that while the results were positive, worries about the housing market persist.

Source: Irish Independent September 05, 2018 06:42 UTC