July 5, 2018 / 6:19 AM / 4 months ago

Persimmon's revenue rises 5 pct on higher sales, prices

July 5 (Reuters) - Britain’s second largest homebuilder Persimmon Plc reported a 5 percent rise in first half revenue on Thursday, fuelled by improved house sales and a 1.2 percent rise in average prices.

Total revenue rose to 1.84 billion pounds ($2.43 billion) from 1.75 billion pounds in the six months ended June 30.

Smaller rival Bovis Homes Group Plc also reported better-than-expected rise in sales.

$1 = 0.7557 pounds Reporting by Arathy S Nair in Bengaluru; editing by Patrick Graham

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