Berkeley – Profits Forecast To Keep Growing Despite Several Headwinds

This article was originally published on ValueWalk

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Berkeley Group Holdings PLC (LON:BKG) posted revenue of £2.3bn, up 6.6%, as the group sold 33% more homes. Higher operating costs and a lower average selling price, due to the type of property sold, meant operating margin declined 1.2 percentage points. However, driven by higher profit from joint ventures, pre-tax profit rose 6.4% to £551.5m. […]