Housebuilder Redrow says demand "robust" despite Brexit, profit jumps
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The company logo of construction company Redrow is pictured on a flag at a new housing development near Manchester northern England, April 7, 2016. REUTERS/Phil Noble
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Phil Noble(Reuters)
(Reuters) – British housebuilder Redrow <RDW.L> said on Tuesday demand for new homes was proving “robust” in the face of Britain’s planned exit from the European Union, after it posted better-than-expected 21 percent growth in full-year pre-tax profit.
Redrow, which constructs homes in England and Wales, said pre-tax profit rose to 380 million pounds in the year ended June, from 315 million pounds a year earlier.
(Reporting by Noor Zainab Hussain in Bengaluru)
