Finance

UK homebuilder Vistry issues third annual profit warning

Published by Global Banking & Finance Review

Posted on December 24, 2024

1 min read

· Last updated: January 27, 2026

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(Reuters) - British homebuilder Vistry warned on its fiscal 2024 profit for the third time on Tuesday, citing delays to expected year-end transactions and completions. In its third profit warning

Vistry Warns of Lower 2024 Profits Due to Delays

(Reuters) - British homebuilder Vistry warned on its fiscal 2024 profit for the third time on Tuesday, citing delays to expected year-end transactions and completions.

In its third profit warning since October, Vistry said it now expects to record profit before tax for the year ending Dec. 31 of 240 million pounds ($300.77 million), down from 300 million pounds expected earlier.

($1 = 0.7980 pounds)

(Reporting by Prerna Bedi in Bengaluru; Editing by Savio D'Souza)

Key Takeaways

  • Vistry issues third profit warning for fiscal 2024.
  • Expected profit before tax reduced to £240 million.
  • Delays in year-end transactions cited as a reason.
  • Previous profit expectation was £300 million.
  • Exchange rate: $1 equals 0.7980 pounds.

Frequently Asked Questions

What is the main topic?
The article discusses Vistry's third profit warning for fiscal 2024, citing delays in year-end transactions.
Why did Vistry issue a profit warning?
Vistry issued a profit warning due to delays in expected year-end transactions and completions.
How much profit does Vistry now expect?
Vistry now expects a profit before tax of £240 million for the year ending Dec. 31.

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