PERSIMMON plc, parent company of York-based Persimmon Homes Yorkshire, today announced pre-tax profits for the first six months of this year of £235 million.
The amount represents a seven per cent increase on the first half of last year (£220 million).
It was achieved in spite of more difficult trading conditions than for many years, but with the company holding firm on its prices.
Chairman Duncan Davidson, who founded the company in York, said that completed sales of homes in the first six months were marginally lower - 5,954 compared with 6,058 in the first half of 2004.
The York-based group's core operation has 26 regional offices ranging from Exeter to Edinburgh, while its premium Charles Church division operates from a further nine regional sites.
Persimmon said this month's interest rate cut contributed to its confidence. A spokesman added: "We remain optimistic for the business in 2005 and are well-placed for 2006 and beyond."
Earnings per share have increased to 56.2 pence with dividends up 32 per cent to 12 pence per share.
Updated: 10:56 Tuesday, August 23, 2005
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