Vistry beats first half profit expectations

House builder Vistry has shrugged off rising cost inflation in the first half to deliver profits ahead of management expectations.
Adjusted pre-tax profit rose by 14% to £190m in the first six months of this year. Although after taking account of already announced additional fire safety provisions of £71m, statutory pre-tax profit fell to £111m from £156m a year ago.
First half revenue was stable at £1.3bn with completions up 5% to 5,409.Chief executive Greg Fitzger