Redrow has announced record profits for the year ending June 30. The plc has increased turnover by 17% to £781 million, and its operating profit is up 14% to 132.7 million. Chairman Robert Jones said: “Redrow has delivered another year of progress in a more challenging trading environment reflecting our strategy of building a strong forward sakes position and increasing our outlets. “Consumer confidence will be a key factor in determining the strength of the housing market in the short term. However the fundamentals for our industry are sound and we have a high quality land bank, effective product range and strong management team which in the medium term provide a platform for growth and the capability to deliver shareholder value.”