Persimmon enjoys strong start to second half of year
Persimmon has seen sales soar in the second half of this year with 49% more homes being sold since the start of July compared to last year.
The house builder hailed an “excellent” start to the second half while revealing the impact of Covid-19 on its first six months of the year.
Half year results to June 30 2020 show group revenue was down to £1,190m from £1,754m last time as pre-tax profits slid to £292.4m from £509.3m.
Build rates were back at pre-Covid levels by the end of the period.
The Group has had an excellent start to the second half with a c. 49% year on year increase in average weekly private sales rates per site since the start of July and a current forward order book of c. £2.5bn, a 21% increase on last year.
Persimmon is also proposing a “modest” interim dividend of 40p for shareholders.
updated: 18/08/2020
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