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 is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now