Sumary of Redrow profits more than double on booming house sales:
- Pre-tax profit lifted 124% for housebuilder Redrow (LSE: RDW) after 2021 completions rose by 39%.
- Against 2019 results, completions are still down 13% with pre-tax profit down 23%.
- This time round, that’s swung to a net cash position of £160m, ahead of 2019’s £124m.
- What has the improved profit and healthy cash situation done for the dividend?