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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Due to the unprecedented challenge facing our industry at this time propertyweek.com will be entirely free to view to all users until 19 April. Register now to benefit from the following:

  • UNLIMITED access until 19 April
  • From 20 April, can still access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue