It was revealed today that Barratt Homes anticipates a more than doubling of its pre-tax profit to £45 million.
The report from Barratt noted a number of key findings during it's report on its half year ending December 31 2012:
1) The housebuilder achieved total completions of 5,085 units against 5,117 over the equivalent period in 2011.
2) Private completions rising 5.3% to 4,241 units and its private average selling price increasing 1.1% to £202,000.
3) Private forward sales climbed 35.5% to £536.5 million, reflecting 2,281 plots compared to 1,872 plots in 2011.
4) Barratt's net private reservations per active site per week were similar to 2011, at 0.49.
Barratt’s group ceo Mark Clare said: “In addition, we have been investing for the future, successfully securing higher margin land both in the south east and across the rest of the country that will drive further profit growth.”