‘Strong’ half year results at Persimmon

‘Strong’ half year results at Persimmon

Persimmon has announced half year results for the six months ended 30 June 2018, with profit before tax increasing 13% to £516.3m.

Housebuilder Persimmon has released its half year results for the first half of 2018. Total Group revenue is up 5% to £1.84bn with Profit before tax now £516.3m, an increase of 13%. The company’s new home average selling price was £215,813, while new home sales increased by 4% to 8,072 – an additional 278 new homes delivered.

Jeff Fairburn, Group Chief Executive, said: “These strong results reflect the continued successful delivery of the Group’s long term strategy and our commitment to meeting customer demand in each of our 30 regional markets across the UK. 

“We have continued to experience good levels of customer interest in our housing development sites as we trade through the quieter summer season. Customers are continuing to benefit from a competitive mortgage market and confidence remains resilient based on healthy employment trends and low interest rates. Our forward sales are 6% ahead of last year at £2.12bn which places the Group in a strong position for the second half of the year.”

 

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