Barratt’s record results to the year ending June 30 have seen the plc increase pre-tax profits by 11% - up from £406.6 million. Its UK housebuilding turnover is up 6% to £2,472.4 million and its housing operating profit is up 8% to £395.7 million. The firm has recently completed it 300,000th home, and the average selling price is up 4% to £172,200. Chairman Charles Toner said: “Once again, Barratt has demonstrated its ability to succeed in a competitive market place. Despite challenging conditions, the Group improved margins, posted record pre-tax profits and achieved its 13th consecutive year of organic growth. We also built more homes in total and more homes on brownfield sites than any other housebuilder. “We have the land bank, financial resources and capacity to ensure our long term growth strategy remains unchanged. Our decision to increase the dividend by 25% reflects our confidence in our future prospects.”