Homebuilder Berkeley raises profit outlook as sales hit pre-pandemic levels

Berkeley groupHoldings

08/12/2021 07:40

Dec 8 (Reuters) - Berkeley Group Holdings  BKGH.L  raised
its annual profit outlook on Wednesday after sales recovered to
pre-pandemic levels as strong demand in an under-supplied UK
housing market helped the British homebuilder post higher
interim profit.
    Berkeley, which operates mainly in London, Birmingham and
the South of England, said it has increased its earnings outlook
for the current fiscal year by 5%, and anticipates 5% annual
profit growth for the next three years.

 (Reporting by Pushkala Aripaka in Bengaluru; Editing by Sherry
Jacob-Phillips)
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