Persimmon plc half year results

August 23, 2016

Persimmon plc today announces half year results for the six months ended 30 June 2016.

Profit before tax increased 29% to £352.3m (2015: £272.8m)

Jeff Fairburn, Group Chief Executive, said: “Persimmon’s robust trading performance in the first half of 2016 was driven by our continued focus on meeting market demand to deliver controlled sustainable growth. The Group’s strong cash generation has supported further disciplined land investment embedding value for the future.”

 “While the result of the EU Referendum has created increased economic uncertainty, customer interest since then has been robust with visitor numbers to our sites around 20% ahead year on year.   Our private sale reservation rate since 1 July is currently 17% ahead of the same period last year. The Group is now trading through the traditionally slower summer weeks but customer demand remains encouraging and we anticipate a good autumn sales season.”

 “We are confident that our long term strategic focus will continue to deliver strong returns for our shareholders.”

To read the PersimmonPLC half year results news release in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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