Housebuilder Redrow's annual profits have returned to pre-pandemic record levels. The FTSE 250 business saw a strong financial year to 3 July 2022, but cautioned over a cooling housing market amid the cost-of-living crisis.
In its financial results, the Flintshire-headquartered firm reported a 31% rise in pre-tax profits to £410m, returning to the all-time highs seen before the pandemic struck (2019: £406m).
During the year there were 5,715 house legal completions, up from 5,620 in 2021, while revenues soared 10% to £2.14bn.
