February 5, 2020 / 7:25 AM / 2 months ago

Homebuilder Barratt's half-year profit rises on solid sales

Feb 5 (Reuters) - Barratt Developments on Wednesday reported a rise in first-half pretax profit as Britain’s biggest homebuilder sold more homes at lower prices.

The company, which sold the highest number of homes in 12 years, said pretax profit rose 3.7% to 423 million pounds ($550.66 million) for the six months ended Dec. 31.

$1 = 0.7682 pounds Reporting by Samantha Machado in Bengaluru, Editing by Sherry Jacob-Phillips

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