Persimmon Restores Dividend As Housing Trade Improves

Western MailAugust 25, 2010

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Summary


HOUSEBUILDER Persimmon yesterday ended its two-year dividend drought after it reported improved half-year trading and a stronger order book.

The Charles Church builder said it traded well over the six months to June 30, as revenues lifted 27% to pounds 776.6m on the back of a 16% increase in new home completions and a rise of 8.6% in average selling prices.

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Extract


Persimmon Restores Dividend As Housing Trade Improves

It said it expected the improved trend in new home sales to continue, although it warned that uncerta...

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