Turnover and profits tumble at listed housebuilder

York-headquartered housebuilder Permisson has seen its turnover and profits fall in a six month period when the number of new homes it sold dropped by around 500. Reporting on the six month period to June 30 2019, the listed group said its total revenues were £1.7bn - down from £1.8bn in 2018, with new housing revenues dropping 5.6% from £1.7bn in 2018 to £1.6bn in the current period. Pre-tax profits dropped to £509m, down from £516m in the previous year. In the period, the group sold 7,584 new homes - around 500 fewer ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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