May 1, 2019 / 6:28 AM / 3 months ago

Persimmon says revenue from upcoming sales lower so far this year

May 1 (Reuters) - Persimmon, Britain’s second-largest housebuilder, reported lower revenue from upcoming sales due to fewer reservations so far this year, and said the cost to build homes would rise by about 4 percent this year.

The company, which builds about 16,000 new homes a year in 350 locations in the UK, said forward sales revenue so far in 2019 fell to 2.70 billion pounds ($3.52 billion) from 2.80 billion pounds a year earlier.

$1 = 0.7668 pounds Reporting by Samantha Machado and Shashwat Awasthi in Bengaluru Editing by Saumyadeb Chakrabarty

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