May 21, 2019 / 8:40 PM / 6 months ago

Toll Brothers quarterly profit rises 15.7%

May 21 (Reuters) - U.S. luxury homebuilder Toll Brothers Inc posted a 15.7% rise in quarterly profit on Tuesday, boosted by higher prices and strong demand.

The company’s net income rose to $129.3 million, or 87 cents per share, in the second quarter ended April 30 from $111.8 million, or 72 cents per share, a year earlier.

Revenue rose to $1.72 billion from $1.60 billion.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D'Silva

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