February 27, 2020 / 7:35 AM / a month ago

Vistry Group tops annual profit estimates as home sales rise

(Reuters) - Vistry Group (VTYV.L), formerly known as Bovis Homes Group, on Thursday beat market estimates with a 12% rise in annual profit as it sold more homes and said it had seen increased levels of consumer demand in the new year.

Vistry, which recently closed a deal to buy Galliford Try’s (GFRD.L) residential units, said pretax profit before pre-exceptional items rose to 188.2 million pounds in the year ended Dec. 31, from 168.1 million pounds last year.

Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sriraj Kalluvila

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