Barratt Developments PLC had today issued its final results for the year ended 30 June 2013, showing an increase in group revenue of 12.2%.
This brings total group revenue to £2,606.2m up from £2,323.4m in 2012. The group saw 13,663 completions over the year, up from 12,857 in 2012.
Barratt’s groups profit before tax and exceptional items increased 73.7% to £192.3m.
Mark Clare, Group Chief Executive, said: “These are significantly improved results and we have had a very strong start to the new financial year.
“We are seeing the housing market recovery starting to spread beyond London and the south east with a 29.4% increase in our average net private reservation rate across the Group.
“Our £2.6 billion commitment to land investment since 2009 puts us in a good position to capitalise on these market trends.
“We have already increased our completion volumes by over 20% in the past two years and expect to deliver around 45,000 new homes over the next three years.”
A company statement revealed strong figures for the start of the new financial year, with a 29.4% increase in average net private reservations per week per active site for the first ten weeks compared with the same period last year.