Redrow has announced that in the half year to December 2009 it increased revenue by 25% compared with the same period in the year before and increased legal completions by 21% to 1,266.
The Group returned a pre-tax loss of £8.7 million in the period, down from a loss of £46.2 million in the same period last year.
Redrow chairman Steve Morgan said that the housing market had continued its steady recovery but warned: "It is difficult to see further substantial progress until mortgage availability improves significantly."
Source: Housebuilder
See Also: Property News (0), Redrow Homes (0), Steve Morgan (0)
Date Published: 25 February 2010
Related News
