Barratt resumes dividends as half-year sales surge
Housebuilder Barratt Developments has resumed dividend payouts to investors after notching up higher half-year profits amid a booming property market. The company posted a 1.7% rise in interim pre-tax profits to £430.2 million as revenues surged 10% to £2.5 billion. But profits growth was held back by a £77 million charge for furlough income repayments and remedial cladding work on some developments in the wake of the Grenfell tragedy. Barratt completed a record 9,077 homes over the six months to December 31, a jump of 9.2% from the last six months of 2019 and the highest ever for its half...
Source: independent.ie
