Persimmon planning to build on H1 success

HOUSEBUILDER Persimmon has seen a marked increase in pre-tax profits in the six months to the end of June.

Profits were up 65% to £98.7m (2011: £59.7m). Revenue was also up,13% ahead at £806.7m (2011: £712.8m).

It was good news all round for the firm, which has a number of key developments in the West Midlands. Completions were up 6% to 4,712 (2011: 4,439) and the average selling price increased 7% to £171,206 (2011: £160,583).

Persimmon also saw an improvement in its operating margins and the strengthening... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...