Summary
HOUSEBUILDER Persimmon has reported a 70 per cent drop in half- year profits -- but says the property market is improving.
The parent company of Exeter's Persimmon Homes South West posted a pre-tax profit of Pounds 9.8m for the six months to June 30, down from Pounds 36.9m in the same period last year, although this included a positive re-evaluation on the value of its land. Stripping this out, the firm posted a loss of Pounds 18.1m.See the full content of this document
Extract
Profit's Down -- But Market's Up
During the period, Persimmon completed 4,006 homes at an a...
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