October 16, 2018 / 6:18 AM / a month ago

Profit up 14 pct at housebuilder Bellway on higher prices, sales

Oct 16 (Reuters) - British housing developer Bellway Plc reported a rise of more than 14 percent in full-year pre-tax profit on Tuesday, driven by a slight uptick in average selling prices and its first ever annual sales of over 10,000 homes.

Profit before tax for the year ended July 31 rose to 641.1 million pounds ($842.66 million) from 560.7 million pounds a year earlier, Bellway said. ($1 = 0.7608 pounds) (Reporting by Arathy S Nair and Shariq Khan in Bengaluru)

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