nearly a third of sales were made under the government’s help-to-buy programmeBarratt Homes predicted continuing demand for its houses as it announced soaring first-half profits, fuelled by a shortage of homes and the government’s help-to-buy scheme.
Pre-tax profits at Britain’s biggest housebuilder rose 40% to £295m in the six months to the discontinuance of December as revenues rose 19% to £1.88bn. The dividend was increased by 25% to 6p a share.
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Source: theguardian.com