Berkeley warns on market but raises profit guidance

Berkeley green park village

Housebuilder Berkeley Group has raised its profit guidance for the year despite a fall in pre-tax earnings for the first half of the year to £401m, down 25.7% year-on-year.

In the six months to October 31, pre-tax profit fell to £401.2m from £539.9m a year ago and revenue dropped to £1.65bn from £1.66bn.

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