Home Property Taylor Wimpey shrugs off Brexit woes with pre-tax profits of £810m

Taylor Wimpey shrugs off Brexit woes with pre-tax profits of £810m

by LLP Reporter
27th Feb 19 12:38 pm

Housebuilder Taylor Wimpey announced that despite Brexit uncertainty 2019 has started with a “very positive start.” The housebuilder has notched up their full year profits, the company posted 5.5% increase in pre-tax profits to £856.8m for 2018.

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Strong buyer demand has continued despite Brexit uncertainty is weighing on the UK’s property market, although pressure on rising build costs will increase to similar levels seen in 2018, at around 3% to 4%.

Sales volumes are expected to be “stable” throughout 2019, Taylor Wimpy order book stands at 9,622, the housebuilder announced.

Taylor Wimpey pre-tax profits rose to £810.7m by 18.9%, the firm’s shares are up by 2%.

Pete Redfern, chief executive said, “2018 was another strong year for Taylor Wimpey with good progress against our strategic priorities.

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“Despite ongoing macroeconomic and political uncertainty, we have made a very positive start to 2019 and are encouraged to see continued strong demand for our homes.”

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