Bellway stacks up half year profit, divi

Housebuilder Bellway nearly doubled half yearly profit as it increased the number of homes sold at a higher average price after a particularly strong performance from its southern divisions.

Housebuilder Bellway nearly doubled half yearly profit as it increased the number of homes sold at a higher average price after a particularly strong performance from its southern divisions.

The Newcastle-based group said pre-tax profit rose surged to £40.6m in the half year ended 31 January compared to £24m for the same period a year earlier. Turnover climbed to £458.6m from £407.9m previously. Underlining its confidence in future growth, Bellway announced an interim dividend 6p, up from 3.7p in 2011.

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