'"> ');

Author Topic: Persimmon profits up 44% in 2014 results - Is greed good?  (Read 20583 times)

0 Members and 1 Guest are viewing this topic.

New Home Expert

  • Global Moderator
  • Guru member
  • *****
  • Posts: 1626
  • Country: england
  • Expert advice for new home buyers
    • New Home Blog
Persimmon profits up 44% in 2014 results - Is greed good?
« on: February 25, 2015, 08:01:13 am »
Persimmon Homes announced another record hike in full year profits up 44% on 2013.
On a turnover of £2,600million Persimmon made a  profit of £133.5million 18.4% - in the year to 31 December 2014.
It was announced that the 95p dividend due 6 July 2015 would be brought forward to 2 April three months earlier!
It is reassuring to learn that the 'Help to Buy' taxpayer subsidy is being put to good use!

The average selling price of a Persimmon Home rose by 5.3% to £190,533.
The number of new homes Persimmon  completed rose by 17% on last year to 13,509 in 2014.
Representing just 11.4% of the total 118,760 new homes built in 2014.

Persimmon confirmed they had added 26,822 plots to their consented land bank which totalled 87,700 plots at year end, representing  6 and a half years supply at 2014 output.
Persimmon confirmed they have 45,700 plots with planning ready to go. And they (HBF) say that the house builders aren't landbanking!
New Home Blog - New Home Expert is committed to providing help and advice for people having issues with their new homes and difficulties with house builders as well as helping potential buyers reduce the risk of possible problems if they do buy.