好色先生TV

In a trading update released to the stock exchange today, Bellway said it sold 2,332 houses in the first six months of its financial year, which ended 31 January - an increase of 3.8% on the 2,247 it sold in the same period last year.

Its average selling price increased by 8% compared to last year, ending January 2011 at 拢168,000. At the end of January 2010 its average selling price was 拢155,871.

The higher selling prices will lead to higher margins on those houses sold and increase the firm鈥檚 profitability. Its margin is set to grow from 6.1% to 7.1% in the first half of its 2011 financial year.

After spending around 拢130m on land acquisitions, taking advantage of the fact that prices are still low, it will move from a net cash position to a debt of 拢7m. This is not a major concern for the firm as the statement said: 鈥淎round 拢130 million (2010 - 拢76 million) has been spent on land in the period and whilst Bellway is no longer in a net cash position, having 拢7 million of net debt at 31 January, it remains soundly financed, having recently renewed a bilateral facility of 拢150 million with Barclays, one of its banking partners.

鈥淭his new facility expires in a variety of tranches up until December 2015 and currently provides the Group with total facilities of 拢380 million.鈥�

Trading in early 2011 has been 鈥渆ncouraging鈥� and Bellway has a forward order book of 拢402m, up from 拢390m at the same stage last year.