HOUSEBUILDER Persimmon has seen a marked increase in pre-tax profits in the six months to the end of June.

Profits were up 65% to £98.7m (2011: £59.7m). Revenue was also up,13% ahead at £806.7m (2011: £712.8m).

It was good news all round for the firm, which has a number of key developments in the West Midlands. Completions were up 6% to 4,712 (2011: 4,439) and the average selling price increased 7% to £171,206 (2011: £160,583).

Persimmon also saw an improvement in its o......for the full story register now for free or login below...