Photo by Phil Starling/Construction Photography/Avalon/Getty Images
Housebuilder Vistry Group was the best-performing blue chip on Thursday as it announced more impressive trading numbers for the first half.
At £13.89 per share, the Vistry share price was 5.4% higher on the day and pushing the FTSE 100 northwards.
The business — which focuses on the affordable end of the housing market — said that total completions rose 9.1% between January and June, to 7,792 homes.
This pulled adjusted revenue and pre-tax profit 11.1% and 7% higher respectively in the period, to £2 billion and £186.2 million.
Forward sales rose 19% year on year, at £5.1 billion, and the builder is now 91% sold for the current year.
Vistry’s adjusted operating margin, however, dipped 0.1% to 11.5%.
The company saud that it had also enjoyed “[an] encouraging sales performance through typically quieter summer months.”
