In the six months to 31st January 2014, Bellway sold 3,245 new homes, an increase of 25% compared with the same period a year before. Average selling price increased to £212,071 (2013 H1: £187,426) – up 13.1%.
Revenue for the six months reached £701.1m (2013 H1: £502.5m) and pre-tax profit lept from £59.9m last time to £103.8m.
The operating margin improved from 12.8% to 15.6% for the period.
The forward order book as of 9th March 2014 stood at £829.5m, up 63.5% on 12 months earlier.
Chief executive Ted Ayres said that the company was “well positioned to pursue further, sustainable volume growth in the years ahead”.
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