Redrow profits hit

Oct. 1, 2006
Redrow’s profits during 2005/06 were hit by tougher market conditions, falling by 13% to £120.5 million according to its preliminary results for the year to June 30. But the group has boosted its dividend per share by 20% and increased its landbank, putting it in a “strong position for growth.” Chief executive Neil Fitzsimmons said: “Most housebuilders’ results this season …

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