Author: 123jump.com Staff
123jump.com
Last Update: 12:45 PM EST February 28 2008

U.K.’s largest homebuilder managed to fight of fears of sharp sales drop for the year 2007. Sales declined to £3 billion from £3.1 billion a year ago as unit sales slumped from 16,701 to 15,905. The average selling price increased marginally by 1% to £189,558. Persimmon also reported dividend for the year rose 10% to 51.2 pence from 46.5 pence a year ago. Current tight credit conditions are likely to impact sales and earnings in 2008.