Profit down at Taylor Wimpey as cladding costs soar in half-year results

By Daniel Gayne2024-07-31T10:16:00

Despite drop, observers say results show ‘tentative signs of turnaround’ in housing sector

Taylor Wimpey’s pre-tax profit has dropped significantly on the back of soaring fire safety remediation costs.

Results for the half-year to 30 June 2024, published this morning, showed pre-tax profit of £99.7m, down 58% from £237.7m in the same period the year prior.

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