Berkeley Group on Target for Annual Earnings

The Berkeley Group Holdings (GB:BKG) has released an update.

Berkeley Group Holdings reports steady trading and is on track to meet its annual pre-tax earnings target of £525 million, with 90% already secured. The company forecasts a higher operating margin than its long-term average for the first half of the year, following substantial shareholder returns, including a proposed special dividend. Berkeley also endorses the government’s plan to deliver 1.5 million new homes and is committed to contributing to this goal.

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