January 10, 2018 / 7:15 AM / 2 years ago

Taylor Wimpey expects further growth in 2018 ​

A builder working for Taylor Wimpey builds a roof on an estate in Aylesbury, Britain, February 7, 2017. REUTERS/Eddie Keogh

LONDON (Reuters) - Britain’s third-largest builder Taylor Wimpey (TW.L) said its results in 2017 will be in line with expectations after it built more homes, and it anticipates further growth this year.

The firm is expected to post a roughly 7 percent increase in full-year pre-tax profit to 787 million pounds, according to a Thomson Reuters poll of 14 analysts.

“We will report FY 2017 results in line with our expectations, and we expect to achieve further growth and performance improvement in 2018,” it said on Wednesday.

Volumes at Taylor Wimpey rose 5 percent to 14,541 units last year with the average selling price on private completions rising 3 percent to 296,000 pounds.

Reporting by Costas Pitas; editing by Kate Holton

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