Persimmon profits up 13% but Iran conflict clouds outlook

Persimmon reported a 13% increase in profit for the year and said sales rates accelerated at the start of the new year. The board held the dividend at 60p per share and announced no share buyback. Management flagged uncertainty over the Iran conflict affecting customer sentiment, tempering the otherwise positive operational update.

Analysis

Persimmon reported a 13% increase in profit for the year and said sales rates accelerated at the start of the new year. The board held the dividend at 60p per share and announced no share buyback. Management flagged uncertainty over the Iran conflict affecting customer sentiment, tempering the otherwise positive operational update.