Barratt Developments PLC (OTCPK:BTDPF)
$ 5.66 0 (0%) Market Cap: 6.07 Bil Enterprise Value: 5.12 Bil PE Ratio: 21.94 PB Ratio: 0.88 GF Score: 85/100
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Barratt Developments PLC Trading Statement Call Transcript

Jul 10, 2019 / 07:30AM GMT
Release Date Price: $7.87
Operator

Good day, and welcome to the Barratt Trading Update for the year ended 30th of June 2019 Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to CEO, Mr. David Thomas. Please go ahead, sir.

David Fraser Thomas
Barratt Developments PLC - Group Chief Executive & Executive Director

Thank you. Good morning, everyone. Thanks for dialing in. As you know, we are announcing our trading update for the year ended 30th of June. And as usual, I have Jessica with me.

I think you can see that it's been a very strong year of performance both operationally and financially. We're making good progress on margin initiatives and we had a very strong close to the year. We clearly remain very focused on driving operational efficiencies throughout the business, and I'm very pleased to see that margin improvement is coming through.

We expect pre-tax profit to be above market expectations at around GBP 910 million. We remain industry-leading in terms of quality and service. And as I said back in

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