July 9, 2020 / 6:26 AM / a month ago

Homebuilder Persimmon first-half revenue drops as lockdown delays deliveries

July 9 (Reuters) - British housebuilder Persimmon Plc posted a 32% plunge in first-half revenue on Thursday, as the coronavirus lockdowns halted construction and delayed deliveries, while it pointed to strong reservations since reopening its sales offices.

The UK’s second-largest homebuilder said revenue fell to 1.19 billion pounds ($1.50 billion) for the six months ended June 30, compared to 1.75 billion pounds last year. ($1 = 0.7913 pounds) (Reporting by Samantha Machado in Bengaluru; Editing by Rashmi Aich)

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