Reuters logo
Housebuilder Bellway's first-half pretax rises 73 pct
March 26, 2014 / 7:32 AM / 4 years ago

Housebuilder Bellway's first-half pretax rises 73 pct

LONDON, March 26 (Reuters) - British housebuilder Bellway posted a 73 percent rise in first-half pretax profit after it sold 25 percent more new homes, with more of them in the higher-priced southern half of England.

The company reported pretax profit of 103.8 million pounds ($171 million) for the six months to end-January on Wednesday on revenue up 40 percent to 701.1 million pounds.

It said it had made a strong start to the spring selling season, with reservation rates in the six weeks since February 1 at an average 138 per week, up from 137 a week in the first half and 133 in the same period a year ago, from 225 sites.

$1 = 0.6059 British Pounds Reporting by Paul Sandle; editing by Kate Holton

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below