In its third consecutive year of record results, Redrow generated 拢1.38bn in revenue for the year to 30th June 2016 (2015: 拢1.15bn).
Pre-tax profit for the year was 拢250m (2015: 拢204m).
Revenue increase was driven by a 17% increase in legal completions to more than 4,700 new homes and a 7% increase in the average selling price to 拢288,600.
Redrow began the new financial year with a record private order book of 拢807m, up 54% year on year.聽
Chairman Steve Morgan said: 鈥淪ales in the first 10 weeks are very encouraging and up 8% on a strong comparator last year.聽 Our strategy of continued growth for the business is on track and I am confident this will be another year of significant progress for Redrow.鈥�
As a result of the continuing growth of the business, Redrow鈥檚 employee roster has grown from 1,600 people to nearly 2,000 over the past 12 months, of whom 297 are trainees.