Persimmon has recorded profits of over £1bn ($1.3bn) for the first time. The construction firm's yearly gains increased nearly 5% from £966m ($1.3bn) in 2017 to £1.01bn. This is despite government concerns related to its involvement in the Help to Buy scheme, including the quality of its buildings, leadership issues and its use of leasehold contracts. Persimmon sold 7,970 homes through the scheme, an increase on 2017’s 7,682. It has also weathered controversy over the £75m pay package awarded to ex-CEO Jeff Fairburn, who left as a result. The interim chief Dave Jenkinson will now take the job permanently.
Persimmon has recorded profits of over £1bn ($1.3bn) for the first time. The construction firm's yearly gains increased 13% from £966m ($1.3bn) in 2017 to £1.01bn. This is despite government concerns related to its involvement in the Help to Buy scheme, including the quality of its buildings, leadership issues and its use of leasehold contracts. Persimmon sold 7,970 homes through the scheme, an increase on 2017’s 7,682. It has also weathered controversy over the £75m pay package awarded to ex-CEO Jeff Fairburn, who left as a result. The interim chief Dave Jenkinson will now take the job permanently.