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Homebuilder PulteGroup's profit rises 9.9 pct

April 25 U.S. homebuilder PulteGroup Inc reported a 9.9 percent rise in quarterly profit, aided by higher home sales and average selling prices.

The company's net income rose to $91.5 million, or 28 cents per share, in the first quarter ended March 31, from $83.3 million, or 24 cents per share, a year earlier.

Home sale revenue rose 13.7 percent to $1.59 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Saumyadeb Chakrabarty)

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