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Housing Today
Trusted media brand of the Chartered Institute of Housing
Barratt full-year profit set to be higher than expected
Housebuilder says completions return to pre-pandemic levels but build inflation now running at 9-10%
Britain’s largest housebuilder has said its full-year adjusted pre-tax profit will be slightly above market expectations.
Barratt, in a trading update today ahead of its full results in September, said its adjusted pre-tax profit is likely to be between £1.05bn and £1.06bn, ahead of analyst expectations of 1.048bn. The figures do not take into account building safety remediation costs of £412m, including £395m under the developer pledge signed with government.
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