Profit falls 20% at Berkeley

Tony Pidgley

Profit at up-market housebuilder Berkeley Group has slumped more than 20%, and the group is warning a further fall for the current year.

Pre-tax profit for the year to the end of April fell to £775.2m, a 20.7% fall on the previous year’s £977m. The group added it expected pre-tax profit to fall by around a third by the end of this financial year.

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