House builder Taylor Wimpey said it expected full-year profits to be at the upper end of forecasts as it reported a rise in interim earnings, driven by strong selling prices.
The company on Tuesday said pre-tax profits rose 16.3% to £334.5m.
“Looking ahead, we expect full-year group operating profit to be around the top end of the current market consensus range driven by strong average selling prices on completions that are expected to be 4-5% higher than last year,” the company said.
Reporting by Frank Prenesti at Sharecast.com
