has reported a revenue of 拢1.72bn ($2.27bn) for the first half (H1) of 2024, marking a 9.4% increase from 拢1.57bn in the same period last year.
Operating profit for the first six months ending 30 June 2024 also rose to 拢167.2m, up 38.0% from 拢121.2m in H1 2023.聽聽
Adjusted operating profit also grew by 10% to 拢227.3m, compared to 拢206.7m in H1 2023.
The company鈥檚 profit before tax increased to 拢156.7m in H1 2024, up 37.2% from 拢114.2m in H1 2023.
Basic earnings per share (EPS) climbed to 33.9p, up from 24.1p in H1 2023 while diluted EPS rose to 33.2p from 24.1p in the same period a year ago.聽
Additionally, Vistry Group secured new land development opportunities in line with its high growth strategy, acquiring a total of 8,225 mixed-tenure plots across 32 developments in the first half, compared to 6,866 plots in H1 2023.聽聽
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By GlobalDataVistry Group chief executive Greg Fitzgerald said: 鈥淭he group has delivered a strong half-year performance with Vistry鈥檚 Partnerships model significantly outperforming the traditional house-building market.
“The group鈥檚 growth strategy and greater delivery of affordable housing is well-aligned to the new government鈥檚 ambitions to address the country鈥檚 housing crisis, and uniquely positions Vistry to play a key role in delivering the government鈥檚 new housing targets.”聽聽
This announcement comes after Vistry Group broke ground on the Lotmead site, a new village project featuring up to 2,500 homes in Swindon, UK, last month.聽
