Persimmon’s half year profits rise

PERSIMMON today revealed that it had delivered a rise in half year revenues and profits.
Vision...Jeff Fairburn the CEO for Persimmon, York, pictured by the portrait of Duncan Davidson the founder of Persimmon....SH1001440m...9th June 2014 Picture by Simon HulmeVision...Jeff Fairburn the CEO for Persimmon, York, pictured by the portrait of Duncan Davidson the founder of Persimmon....SH1001440m...9th June 2014 Picture by Simon Hulme
Vision...Jeff Fairburn the CEO for Persimmon, York, pictured by the portrait of Duncan Davidson the founder of Persimmon....SH1001440m...9th June 2014 Picture by Simon Hulme

In the six months ended June 30 2015, the company’s profit before tax increased 31 per cent to £272.8m. Revenue rose by 11 per cent to £1.33bn.

Jeff Fairburn, the group chief executive, said: “Persimmon has traded well in the first half of 2015. The group continues to take advantage of the current market opportunities to deliver sustainable growth whilst also utilising its excellent cash generation to build a strong asset platform for the future. We have now entered the traditionally slower summer weeks for the market. Our private sale reservation rate since 1 July is currently 5% ahead of the same period last year which is a reflection of the continuation of healthy customer demand.

Hide Ad
Hide Ad

“The performance in the first half of 2015 further demonstrates the results of the group’s focus on successfully executing its operational objectives and the delivery of the 10 year strategic plan launched in 2012. We are confident that our long term strategic focus through the current cycle will continue to deliver strong returns for our shareholders.”