Redrow reports second half revenue boost

Feb. 25, 2010
<p>Redrow has announced that in the half year to December 2009 it increased revenue by 25% compared with the same period in the year before and increased legal completions by 21% to 1,266.</p> <p>The Group returned a pre-tax loss of £8.7 million in the period, down from a loss of £46.2 million in the same period last year.</p> <p>Redrow chairman Steve Morgan said that the housing market had continued its steady recovery but warned: "It is difficult to see further substantial progress until mortgage availability improves significantly."</p>

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