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Housing Today
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Persimmon profit more than halves despite strong end to year
Housebuilding giant expects “subdued” market throughout 2024
Persimmon has reported a 52% drop in its annual pre-tax profit as last year’s high interest rates hit demand for new homes.
The housebuilding giant, in its results for the year to 31 December, reported pre-tax profit of £351.8m, less than half the £730.7m reported the previous year. Turnover fell 26%, from £2.8bn to £3.8bn over the same period.
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