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Vistry raises 2021 profit outlook on strong demand

By Reuters

(Reuters) – Homebuilder Vistry Group on Monday raised its annual profit forecast on strong demand, as the housing sector benefits from an extension of a property tax holiday and lower interest rates.

Vistry said it expects adjusted profit before tax for financial year 2021 to be about 325 million pounds ($458.06 million), up from a prior forecast of 310 million pounds.

($1 = 0.7095 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Devika Syamnath)