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Toll Brothers quarterly profit rises 40 pct

May 23 U.S. luxury homebuilder Toll Brothers Inc reported a 40 percent rise in quarterly profit, boosted by an increase in home sales.

The company said its net income rose to $124.6 million, or 73 cents per share, in the second quarter ended April 30 from $89.1 million, or 51 cents per share, a year earlier.

Revenue rose 22.2 percent to $1.36 billion. (Reporting by Arunima Banerjee in Bengaluru; Editing by Sunil Nair)

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