Housebuilder Persimmon posted a fall in interim profits on Wednesday, but reiterated completion guidance and said price rises were offsetting cost inflation.
The company said pre-tax profit for the six months to June 30 fell to £439.7 from £480m. Total revenue fell to £1.68bn from £1.84bn, while completions fell to 6,652 from 7,406 against a strong comparator last year when demand for larger homes surged during the Covid pandemic.
Guidance of 14,500-15,000 completions for the full year was maintained.
Reporting by Frank Prenesti at Sharecast.com
