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Redrow profits tumbled but indicates high demand

Redrow, the British housebuilder, has reported that profits tumbled by almost two-thirds over the year to June 28 due to the effects of the coronavirus pandemic. COVID-19 pandemic affected construction and sales which lead Redrow to lower profits. It said that pre-tax profits slid by 65.5% to £140 million for the year, as revenues dived…

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