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Housing Today
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Redrow says profit will halve next year
Housebuilder reports better than expected results as revenue remained steady in the year to July
Redrow has posted better than anticipated results for the year but warned of a difficult market ahead with profit set to be cut in half in 2024.
The housebuilder reported an income of £2.13bn in its full-year results for the year to 2 July 2023, only slightly down from the £2.14bn and higher than had been anticipated when the firm released its interims earlier this year.
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