For the six months to 30 June 2014, Persimmon鈥檚 underlying pre-tax profit increased by 57% to 拢212.9m (2013 H1: 拢135.3m).
Total revenues of 拢1,198.1m were up 33% (2013 H1: 拢899.9 million).
Legal completions for the first six months of 2014 increased by 28% year-on-year to 6,408 new homes (2013 H1: 5,022) and the average selling price was 4.3% higher at 拢186,970 (2013 H1: 拢179,199).聽
The board said that 鈥渢he swift and significant increase in production has been supported by our Space4 manufacturing facility. This modern method of construction has enabled Persimmon to secure greater efficiencies in resourcing and site activities supporting the delivery of our build programmes鈥.
Space4 increased its output of insulated panel frames to construct 2,483 new homes in the first half of the year, a 37% increase over the first half of 2013.
Space4 operates the largest automated timber frame manufacturing plant in the UK.
Group chief executive Jeff Fairburn said: "Persimmon has produced another strong performance in the first half of 2014, taking advantage of the current market opportunities to deliver growth whilst strengthening the financial position of the business.
鈥淎s we have entered the traditionally slower summer trading weeks, we have been encouraged by our private sale reservation rate since 1 July which is currently running 9% ahead of the same period last year.鈥
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