Persimmon’s profits dramatically down

Aug. 22, 2008
Persimmon’s half year results to June 30 have added to the gloom of the market, with pre-tax profits down 64% on the first half of last year and legal completions slipping 31% to 5,501 units. The volume housebuilder reported an operating margin of 14%, down from 20.8% in the first half of 2007. To reduce costs, Persimmon said that it …

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