Massive pre-tax profits were reported today by house builder Persimmon plc, parent company of York-based Persimmon Homes (Yorkshire) Ltd, leaping 35 per cent to a record £81.6 million for 1999 (1998: £60.5 million).
It means that Persimmon has now increased its profits nearly fourfold over the last four years.
The announcement coincides with preparations for the next stage of growth by creating two new divisions, Persimmon Homes South and Persimmon Homes North.
The company completed a record 7,101 homes last year, compared to 6,483 the previous year.
Declaring basic earnings per share up 28 per cent to 32.1p, group chairman Duncan Davidson said: "Demand for new homes continues to exceed supply, with the outlook for our markets remaining very positive."
Persimmon proposes in increase its dividend by 6.7 per cent to 11.1p per share.
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