Barratt profit near halved by covid-19

By Jonathan Owen 2020-09-02T10:26:00

Turnover and profit take a big hit but current trading ‘encouraging’

Britain’s biggest housebuilder, Barratt, suffered a major drop in turnover and profit in the year to June 30 as a result of covid-19, according to its annual results released today.

Revenue dropped by 28%, from £4.6bn to £3.4bn, and completions were down by almost a third, falling from 17,856 to 12,604.

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