Redrow doubles divi after record first half
Date added:
11/02/2015
FOUNDER and chairman Steve Morgan has hailed "an outstanding" performance as housebuilder Redrow posted surging revenues and record interim profits. Deeside-based Redrow's half year figures showed pre tax profits rocketing 92% to £91.2m as revenue jumped 54% to £560.6m in the six months to December 31. The good news didn't end there as shareholders were told the group had doubled the interim dividend to 2p per share and also cut its net debt by around 20% to £140m. The builder said its success was underpinned by an ...
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