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Persimmon's revenue rises 5 percent on higher sales, prices

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Persimmon's revenue rises 5 percent on higher sales, prices

Persimmon's revenue rises 5 percent on higher sales, prices
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(Reuters) - Britain's second largest homebuilder Persimmon Plc <PSN.L> reported a 5 percent rise in first half revenue on Thursday, fuelled by improved house sales and a 1.2 percent rise in average prices.

Total revenue rose to 1.84 billion pounds from 1.75 billion pounds in the six months ended June 30.

Smaller rival Bovis Homes Group Plc <BVS.L> also reported better-than-expected rise in sales.

(Reporting by Arathy S Nair in Bengaluru; editing by Patrick Graham)

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