Redrow profits more than double on booming house sales

redrow profits more than double on booming house sales

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?

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