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British homebuilder Persimmon posts lower profit on pandemic hit

Aug 18 (Reuters) - Persimmon Plc reported a 42% drop in first-half profit on Tuesday, as the British housebuilder sold fewer homes because of coronavirus-driven disruptions to construction activity and transactions.

The UK’s second-largest homebuilder, which also declared an interim dividend, said pretax profit fell to 292.4 million pounds ($384.13 million) in the six months ended June 30, from 509.3 million pounds a year earlier.

$1 = 0.7612 pounds Reporting by Samantha Machado in Bengaluru; Editing by Aditya Soni

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