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| Barratt Developments posts results for half year Barratt Developments plc, the U.K.'s largest house builder by volume, said its total completions (including 25 joint venture completions) for the 6 months ended 31 December 2009 were 5,053 (2008: 6,905). Group revenue was £872.4m (2008: £1,261.8m). The average selling price (excluding joint ventures which are equity accounted) increased by 3.5% to £166, 300 (2008: £160,700) largely driven by changes in mix. The operating margin before exceptional items was 2.4% (2008: 1.3%). Operating profit before exceptional items was £21.0m (2008: £16.0m). Operating profit was £5.2m (2008: £497.9m loss). write your comments about the article :: © 2010 Construction News :: home page |