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Taylor Wimpey Profits Fall

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Britain’s largest homebuilder by volume and second ranked by market value, made a pre-tax loss of £19.5m last year. This was down from a profit of £405.6m the previous year. Excluding exceptional costs such as the US write-down, TaylorWimpey saw its pre-tax profit fall to £535.6m, compared with £776.5m last year. The London based company formed by the merger of Taylor Woodrow PLC and George Wimpey PLC in July 2006, said profits fell by 31 per cent as property markets in the UK, USA and Spain cooled.

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Date Added

03/08/2008
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Uncategorized.

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First Time Buyer Group_add

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