Barratt Developments – Back To Business As Usual
Barratt Developments PLC (LON:BDEV)’s full year (ended 30 June) revenue was £4.8bn. That’s up 40.7% on 2020 and 1.0% on 2019, reflecting increased completions and higher average prices compared to both 2020 and 2019. Q2 2021 hedge fund letters, conferences and more Operating profits came in at £811.1m, up 64.4% year-on-year but still 10.0% below 2019. The decline on 2019 reflects lower gross margins due to legacy property costs and repayment of coronavirus grants from the government. Without which margins would have improved. The board announced a final dividend of 21.9p per share, up from 19....