Persimmon share price falls despite profit growth

Stock exchange

Source: Shutterstock/AshDesign

Persimmon’s share price fell 0.10% on Tuesday to 2,441.52p despite the house builder reporting 13% growth in profit before tax for the first half of the year.

Over the first six months of the year, Persimmon’s revenue increased by 5% to £1.84bn, driven by 4% growth in new home sales, and at the end of the period, forward sales stood 6% ahead of last year at £2.2bn.

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