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The company saw the figure fall to £52 million from the £79.6 million it recorded during the same period last year.
As a result, its shares declined slightly during the morning session of stock market trading today (December 4th), falling 0.62 per cent to 886.5p at 08:19 GMT in London.
The decline in profit was attributable to a drop in the number of sales taking place over the six months to October 31st and a £100,000 slide in prices, Berkeley said.
These figures were down to 914 transactions and £299,000 respectively but managing director Rob Perrins noted that Berkeley's performance over the six-month period had been "resilient", adding that it has a balance sheet that will let it make land and development investments "with confidence".
Berkeley enters the second half of the year with net cash of £344.7 million and forward sales of £635.4 million," he remarked.
Posted by Greg Secker
