|Master Investor Magazine
Never miss an issue of Master Investor Magazine – sign-up now for free!
Housebuilder Bellway (LON:BWY) watched its share price sink by 2.85% to 2,799p (as of 12:45 BST) as it said that operating margins for the year ended 31st July had moderated towards a normalised level. Revenues for the year were up by around 8% and management said that the company’s profits would be in line with market expectations.
CEO Jason Honeyman commented: “Bellway has concluded another successful year, further increasing the supply of much needed new homes and delivering a record number of housing completions. Quality and customer care remain a priority for the business and this has helped the Group achieve recognition as a five-star homebuilder2 for the third year in succession. Trading conditions remain stable and customer confidence is resilient. This, together with a strong forward order book and a healthy balance sheet, ensures that Bellway is well placed to continue its long term growth strategy“.
The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.
Book your FREE tickets today using code: MIBLOG