Berkeley’s interim numbers slip but says £500m full year profit target will be met

By Dave Rogers2020-12-04T13:17:00

Housebuilder says covid impact saw pre-tax profit fall nearly 17%

Housebuilder Berkeley Group said it is still on course to deliver full year profits of £500m, despite its numbers taking a hit because of covid in the first half..

The firm, which works predominantly in London and the South-east, said pre-tax profit in the six months to October fell nearly 17% to £230.8m – below expectations of £240m. Revenue was down 3.8% to £896m with the number of homes sold during the period slipping to 1,104 from 1,389 a year earlier.

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