Sales rise 10% as forward order book weighs in at 拢732m

Housebuilder Bellway has reported interim profit of 拢100.8m, up 15% on its first half performance last year.

Bellway worker

Pre-tax profit for the six months ended 31 January compared with 拢87.8m for the corresponding period last year. Turnover rose 14% to 拢576.5m, while sales increased 10% to 3,264.

The housebuilder, which specialises in lower cost housing, reported a healthy forward order book of 拢732m, and a land bank of 40,000 plots.

Howard Dawe, chairman, said: 鈥淥ur objective is to remain focussed on the delivery of lower value housing and that the board believes its proven operational model will continue to deliver growth for shareholders well into the future.鈥�

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