Housebuilder鈥檚 revenue up 9% last year
Persimmon has said 2017 profits will be higher than expected as demand for new homes continues to grow.
The York-based business said it sold 16,043 homes last year for a total of 拢3.42bn, a 9% increase on 2016.
In a trading update, the country鈥檚 second biggest housebuilder said: 鈥淲e anticipate our pre-tax profits for the year will be modestly ahead of market consensus.鈥�
The group added that it continued to pursue growth in 鈥渞egional markets鈥� to 鈥渟upport the government鈥檚 desire to increase housing supply across the UK鈥�. The average selling price of its homes increased by 3% to 拢213,300.
The company will publish its full-year results on 27 February.
Persimmon has been at the centre of recent controversy about executive pay with the firm paying its chief executive Jeff Fairburn a 拢110m bonus 鈥� nearly half of which came in 拢50m worth of shares handed out at the end of last month.
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