Persimmon targets subcontractors in cost-cutting drive
Construction Enquirer
AUGUST 9, 2023
Group Chief Executive Dean Finch said said: “We are reviewing our subcontractor pricing on a more frequent basis to identify opportunities to secure increased savings. Latest results for the six months to June 30 2023 show pre-tax profit fell to £151m from £440m last time as underlying profit margins dropped to 14% from 27%.
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