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Barratt Developments reports higher annual profit

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(Reuters) – Britain’s biggest housebuilder Barratt Developments Plc <BDEV.L> reported higher annual pretax profit on Wednesday, benefiting from higher margins even as it faced a tough real estate market.

The company said its pretax profit rose 8.9% to 909.8 million pounds for the period ended June 30. Barratt also declared a special dividend of 17.3 pence

(Reporting by Samantha Machado in Bengaluru; Editing by Bernard Orr)

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