June 30, 2020 / 6:35 AM / 2 months ago

Homebuilder Redrow expects turnover to drop more than a third this year

June 30 (Reuters) - British homebuilder Redrow said on Tuesday it expects its turnover to drop more than a third this year, as the timing of site closures in end-March had a “profound” impact on its business.

The Ewloe, UK-based company said it now expects the group turnover to come in at 1.34 billion pounds ($1.65 billion), compared with 2.11 billion pounds last year.

$1 = 0.8144 pounds Reporting by Siddharth Cavale in Bengaluru, Editing by Sherry Jacob-Phillips

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