Berkeley Full-Year Profit Rises

Berkeley Group Holdings PLC BKGFY reported a 42 percent rise in its pretax profit for the full year. Berkeley's profit before tax climbed to GBP539.7 million ($844.1 million), versus a year-ago profit of GBP380.0 million. Its revenue rose 30.8 percent to GBP2.12 billion. Chairman Tony Pidgley said, "I firmly believe that Berkeley has the right plan in place to deliver long-term sustainable success, a strategy which can adapt to any changes in the market to protect the business in what is a cyclical market, and continue to deliver value to shareholders and the community alike." The company's declared an interim dividend of 90 pence a share.