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Persimmon swing to profit in H1
Persimmon Homes said it's H1 income was up 27% on last year at £776.6 million, and that both volume and margins had improved.
Persimmon said it would restore its dividend and unveiled a write-back of £70.7 million after swinging to a profit in the first half.
The York-based builder today reported an underlying pretax profit of £39.4 million compared with a loss £16.7 million last year.
The average full-year pretax profit estimate is £77.57 million, according to a poll of 15 analysts.
"We expect annual volume growth of new home sales to continue to be steady in line with any general improvement in the economy," said Persimmon in a statement.
Persimmon, which signed a joint-venture with property regeneration company St Modwen Properties , unveiled a write-back of £70.7 million, compared with £27.9 million last year.
Persimmon said it would restore its dividend and unveiled a write-back of £70.7 million after swinging to a profit in the first half.
The York-based builder today reported an underlying pretax profit of £39.4 million compared with a loss £16.7 million last year.
The average full-year pretax profit estimate is £77.57 million, according to a poll of 15 analysts.
"We expect annual volume growth of new home sales to continue to be steady in line with any general improvement in the economy," said Persimmon in a statement.
Persimmon, which signed a joint-venture with property regeneration company St Modwen Properties , unveiled a write-back of £70.7 million, compared with £27.9 million last year.
Tue, 24th Aug 2010