Profit rises at Bellway but margin falls as house price growth slows

Ebbsfleet Bellway scheme

Bellway has posted an 8.7% rise in pre-tax profit off the back of a 12.4% rise in revenue for the six months to 31 January, as low interest rates, the government’s Help to Buy scheme and demand for affordable housing boosted the housebuilder’s figures.

The housebuilder said pre-tax profit increased £313.9m compared to the same point last year, while revenue hit £1.49bn. The group also lifted its interim dividend by 5% to 50.4p.

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