For the year ended 30th April 2020, Berkeley Group made a pre-tax profit of 拢504m on revenue of 拢1,920m. Both numbers were 35% down on the previous year, when it made 拢775m from 拢2,957m turnover. But this was all expected and broadly in line with plans.
Only the onset of Covid-19 at the end of the financial year put a dent in the numbers. Berkeley had been heading for 拢550m profit before tax before the virus arrived; in March guidance was revised down to 拢475m, so the actual result was better than more recently expected.
Berkeley Group sold 2,723 homes during the year. Chief executive Rob Perrins said that only half of them were bought by people who actually want to live in them; the other half were bought by investors and speculators, 鈥渨ith overseas customers continuing to see value in the London market鈥�.
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