Redrow plc (RDW.L) a developer of residential and mixed-use properties, Tuesday reported higher income for the first half, on the back on an increase in private average selling price.
For the period, the firm posted profit before tax of 23 million pounds, up from 15.3 million pounds last year.
Profit after tax for the period totaled 15.5 million pounds, up from 9.2 million pounds. On a per share basis, profit for the first half from continuing operations amounted to 4.2 pence, up from 3.0 pence a year earlier.
On an adjusted basis, earnings per share rose to 4.8 pence from 3.7 pence in the corresponding prior-year period.
For the six months, the firm clocked a revenue of 257 million pounds, higher than the prior-year's revenue of 232.8 million pounds.
The company attributed the rise to a 10 percent increase in private average selling price to 224 thousand pounds. This increase can largely be attributed to the sale of a greater proportion of traditional family homes and the continuing success of The New Heritage Collection, added the company.
The firm has refrained from proposing any dividend for the ended half year period.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.