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    Home > Finance > UK homebuilder Vistry issues third annual profit warning
    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

    The image illustrates the UK's FTSE 100 index performance amid the controversy over G7 loans to Ukraine backed by frozen Russian assets. This reflects the ongoing financial tension and geopolitical implications discussed in the article.
    UK's FTSE 100 and financial markets react to Russia's embassy statement on G7 loans to Ukraine - Global Banking & Finance Review
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    Quick Summary

    Vistry warns of a reduced 2024 profit due to transaction delays, lowering expectations to £240 million from £300 million.

    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 about UK homebuilder Vistry issues third annual profit warning

    1What is the main topic?

    The article discusses Vistry's third profit warning for fiscal 2024, citing delays in year-end transactions.

    2Why did Vistry issue a profit warning?

    Vistry issued a profit warning due to delays in expected year-end transactions and completions.

    3How 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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