Bellway Buoyed by Order Book

Summary


Housebuilder Bellway has posted record results after its policy of forward selling offered it protection in an uncertain property market.

The Newcastle-based group achieved annual pre-tax profits of pounds234.8m, an increase of 6.4 per cent on a year earlier after selling 7,638 homes in the year to July 31. Revenues were up 9.2 per cent to pounds1.35bn.

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Extract


Bellway Buoyed by Order Book

Bellway said the coming weeks were likely to give a better picture of the housing ...

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