Builder Increases Profits by 25%

Daily PostAugust 02, 2006

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Summary


HOUSEBUILDER George Wimpey lifted half-year profits by 25% yesterday after its business in the US overcame worries over a slowing market.

The Morrison Homes division posted a 23% rise in profits to $125.3m (pounds 67.2m), against a 7% rise to pounds 114.9m for Wimpey's UK arm.

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Builder Increases Profits by 25%

The group, which made profits of pounds 152.3m overall,...

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