Persimmon announces New Home Sales increased in half year results.
Persimmon plc today announces half year results for the six months ended 30 June 2018.
They announced that both Profit before tax and New Home Sales increased.
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.
“The Group continues to invest in the business to improve operational capacity. The increased utilisation of the Group’s standard house types and the greater use of the Group’s offsite manufacturing capability will support the Group’s aim to deliver further increases in new home volumes.
“The Group has a robust platform to continue to deliver successful outcomes based on its high quality land bank, strong forward sales, excellent financial position, and experienced management team. We believe we are well positioned to deliver further high quality, sustainable growth.”
Read the announcement half year results posted 21st August 2018 in full click here.
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