Taylor Wimpey has returned a half-year pre-tax profit of £19.6 million after last year’s loss of £68.9 million.
Taylor Wimpey one of the UK’s major house-builders has announced that in the six months to July 4th 2010, its UK operating margin had increased to 7.5% after last year’s negative 1%. The company said it had been concentrating on maximising margins and returns instead of “accelerating volume growth.”
Summary of Taylor Wimpey success
1. Completed 4808 UK homes – 102 more than in 2009]
2. Order book is looking very healthy with £952 million in orders
3. Secured 3841 new plots of land during first half of 2010 – plus 3003 plots that we’re secured in last 6 months of 2009
Looking ahead, Taylor Wimpey expressed its concern about changing planning policy, but added: “We are committed to working with the government and local authorities and are confident that both our approach and our strong land holdings will put us in a strong position.”