BBC News - Flintshire builder Redrow reports £25m pre-tax profit
House builder Redrow Plc has reported a better than expected annual pre-tax profit, on the back of a 12% rise in its house sale prices.
But the Ewloe-based firm warned the outlook for the property market was challenging.
Redrow posted a pre-tax profit of £25.3m in the 12 months to the end of June, compared with £700,000 for the same period last year.
Redrow said its average house price was up from £154,800 last year to £174,100.
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