Today Redrow Plc (LON:RDW) released its interim results for the six months to 31 December 2015 which it noted as delivering “record first half results”.

Included in the highlights from the results the business said group revenue rose by 8% to a half year record of £603 million with homes revenue being boosted up by 14% which contributed £584 million in revenue.

First half pre-tax profit reached £104 million up 14% causing the company to increase the interim dividend to 4p per share, double that of the previous year whilst improving guidance for the year to 10p from 6p in 2015.

Steve Morgan, Chairman of Redrow, said:

“I am delighted to report Redrow has again generated outstanding first half results. We legally completed almost 2200 new homes in the period, 18% higher than last year, leading to record first half pre-tax profits of £104m.

As a result of this strong performance, whilst we continue to invest in growing the business, we have also doubled the interim dividend to 4p per share.

We are only at the beginning of the spring selling season, however demand for new homes remains robust. We ended the first half with a record order book up 51% on this time last year, and in the first six weeks of the second half have secured 455 private reservations, 10% ahead of last year.

I am confident this will be another strong year of growth for Redrow.”

The business noted that the help to buy scheme continued to support demand with legal completions rising by 18% to 2178 from 1850 the previous year. Redrow now also has a record number of employees at 1818, growth of 1200 from 2009 lows. Outside London the average private selling price for homes increased by 11% to £300,000 which the company attributed to “a combination of geographical mix change, reduction of impaired sites and price inflation”.

Looking forward, the current land bank covers 21435 plots in comparison to 16950 in December 2014 whilst the private order book is up 51% to £655 million. Redrow said the demand for new homes remains robust despite recent turmoil in the financial markets as private reservations since the beginning of January have gone up by 10% compared to the prior year. The home builder said it is confident that the current year will be another which shows significant progress for the business.