Covid disruption sees Berkeley profit slump by a third

By Joey Gardiner2020-06-17T07:28:00

Sales also drop by a quarter as housebuilder says it is ‘too early’ to know the shape of the post-lockdown market

Housebuilder Berkeley Group saw sharp fall in sales, turnover and profit in the year to the end of April as it dealt with the impact of the coronavirus lockdown, it said in results released this morning.

The business said pre-tax profit fell by 35% to £504m, mostly due to the fact a series of large London schemes picked up in the wake of the credit crunch which had boosted previous profits have now been fully completed.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community