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Berkshire Home Developer Sees Sales Soar |
Persimmon, the UK's largest house builder, has reported a 38 per cent rise in half-year-sales.
The company owns the Chatsworth Park development in Winnersh, near Wokingham, which it describes as "very successful". It said that like-for-like sales reservations to date had risen by around seven per cent, while turnover is expected to be more than £1.5 billion compared to £1.09 billion a year ago. Total sales revenue to date was also up, reaching £2.4 billion, up from £1.78 billion from the first half of 2005. "We have made good progress during the period and are in a strong position to move forward," said Persimmon in a statement ahead of full half-year results, due to be published in August. "Debt levels have been reduced in advance of our plans, we now have the appropriate level of work in progress and land investment, and with our healthy forward order book are on track to deliver further growth during 2006 in line with existing expectations." Persimmon said that the housing market continued to be active, although the company expects to see a modest increase in building costs this year as a result of price inflation. |
