Bellway ( (GB:BWY) ) has provided an announcement.
Bellway PLC reported a robust performance for the first half of the financial year ending January 31, 2025, with housing completions rising by 11.9% and revenue increasing by 12.3% compared to the same period last year. The company is on track to deliver at least 8,500 homes for the full year, supported by a strong forward order book and a well-capitalized balance sheet. The increase in private reservation rates and a strategic expansion of its land bank position Bellway well for multi-year growth, despite challenges in the planning system. The interim dividend per share rose by 31.3%, reflecting confidence in future growth prospects.
More about Bellway
Bellway PLC is a national housebuilder in the UK, specializing in the construction of residential properties. The company focuses on providing high-quality new homes across the country, leveraging its strong land bank and operational strengths to meet the demands of the housing market.
YTD Price Performance: -3.21%
Average Trading Volume: 415,676
Technical Sentiment Signal: Hold
Current Market Cap: £2.77B
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