Housebuilder Redrow says demand "robust" despite Brexit, profit jumps

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 - Copyright Phil Noble(Reuters)

By Reuters

Published on 04/09/2018 - 08:34•Updated 30/04/2024 - 18:43

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(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.