Bellway posts positive results

By
0 mins. to read
Bellway posts positive results
Master Investor Magazine 42 cover

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 250 housebuilder Bellway (LON:BWY) saw its shares rise by 1.41% to 2,868p (as of 12:15 BST) after the company reported a 14.3% increase in pre-tax profits for the year ended 31st July. Revenues for the year exceeded £2.95 billion as the company sold more than 10,000 homes in a year for the first time.

The firm’s order book stood at £1.47 billion at the end of September and management are confident that they have a solid platform for the year ahead despite risks to consumer confidence. The board has proposed that the dividend be increased by 17.2% to 143p.

 

 

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.