UK homebuilder Berkeley Group reports 7.7% drop in pre-tax profit but aims for recovery.

UK homebuilder Berkeley Group reported a 7.7% drop in pre-tax profit to £275.1m for the first half of 2024, down from £298m last year. Despite the decline, recent sales have slightly improved. CEO Rob Perrins says achieving the company's pre-tax profit guidance of £525m for the year and at least £450m for 2026 depends on increased consumer confidence and economic stability.

3 months ago
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