Finance

Bellway’s interim profit dips, but revenue rises as a result of record sales

By 2021-03-24T08:02:00

Ebbsfleet Bellway scheme

Housebuilding giant Bellway was hit by a 4% fall in pre-tax profit during the first half of its financial year, despite an 11.6% bump in revenue and the completion of a record number of sales during the Covid-19 lockdowns.

For the six months to the end of January pre-tax profit shrunk to £280.2m from £291.8m during the same period a year earlier, while revenue climbed to £1.7bn from £1.5bn.

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