BREAKING NEWS
This content is not available in your region

Homebuilder Berkeley's annual profit rises as government incentives spur demand

Access to the comments Comments
By Reuters
Text size Aa Aa

– British homebuilder Berkeley Group Holdings Plc on Wednesday reported a rise in annual profit spurred by demand for new homes due to supportive government measures during the COVID-19 pandemic.

Berkeley, one of the UK’s largest housebuilders by market value, said pre-tax profit for the year ended April 30 came in at 518.1 million pounds ($722.13 million), compared with 503.7 million pounds a year earlier.

($1 = 0.7175 pounds)