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Barratt Developments PLC said Thursday that pre-tax profit increased slightly in the first half of fiscal 2021 and declared an interim dividend.
For the six-month period ended December 31, 2020, the British automaker reported pre-tax profit of £ 430.2 million ($ 587.1 million), compared with £ 423.0 million for the same period of the year 2020, thanks to a 9% increase in deliveries. .
Turnover rose to 2.49 billion GBP from 2.27 billion GBP.
The board declared an interim dividend of 7.5 pence per share. He had previously suspended dividends to save money due to the coronavirus pandemic.
The company said it got off to a good start in the second half of the year, with an average net private reservation per active outlet per week of 0.77. This figure is down slightly from 0.83 in fiscal 2020, due to limited product availability given the strength of forward orders.
The company said 95% of its shares for fiscal 2021 had already been accepted for sale, with a forward sale value increasing 13% from the comparable period a year ago, to $ 3.43 billion. pounds sterling as of January 31. for the whole year.
Write to Joe Hoppe at [email protected]
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