Plus   Neg

Persimmon HY Revenues Down

British house building company Persimmon plc. (PSN.L) reported that its total revenues for the first six months of 2020 declined to 1.19 billion pounds from 1.75 billion pounds in the prior year.

Housing revenues for the first six months of 1.10 billion pound were 33% lower than the prior year, with new housing legal completion volumes of 4,900 compared to 7,584 last year.

The Group expects to continue to take a highly selective approach to land replacement, with only those opportunities that can meet strict criteria being considered.

The company stated that it entered the second half in a strong position, with work in progress well advanced, forward sales 15% ahead year on year, and cash holdings of 830 million pounds.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon announced the extension of Project Zero, which protects and empowers brands to combat counterfeits, to seven new countries. The project is now available in Australia, Brazil, Netherlands, Saudi Arabia, Singapore, Turkey, and the UAE, along with ten other countries where Amazon has a store. Performance Food Group Co. (PFGC) reported Wednesday a net loss for the fourth quarter of $151.2 million or $1.19 per share, compared to net income of $63.2 million or $0.60 per share in the prior-year quarter. Excluding items, adjusted loss for the quarter was $0.86 per share, compared to adjusted... The U.S. Department of Agriculture's Food Safety and Inspection Service announced a Cooperative Interstate Shipment or CIS agreement with the State of Vermont. As per the deal, Vermont is allowed to operate a CIS program, with which certain state-inspected meat and poultry processors can ship their products across state lines, and expand their business opportunities.
Follow RTT