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Persimmon revenue up by 12%

Housebuilder Persimmon has posted a 12% increase in its revenue for the first half of the year, with new home sales rising by 8%.

The company’s trading performance over the period has been “excellent,” according to a trading update issued today.

Persimmon reported increased completions to 7,794 new homes, compared with 7,238 at the same point last year. Average selling prices improved by 3.5% to around £213,000, leading to a 12% boost in revenues to £1.6bn.

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