Bellway sells 8.2% more homes

Housebuilders Bellway PLC have announced that for the year ended 31 July 2013 they sold 5,652 homes, up 8.2% from 5,226 in 2012.

The average selling price for these also increased with a 3.4% increase taking the average price to £193,025.

Bellway chairman, John Watson, said: "I am pleased to report, in my first year as Chairman, another strong performance by the Group with profit before taxation increasing by almost 34% to £140.9 million (2012 – £105.3 million).

"More favourable mortgage conditions, a gradual improvement in consumer confidence, together with a continuing programme of site openings, have allowed the Group to deliver its fourth consecutive year of earnings growth.

"Basic earnings per share have increased by 36.3% to 89.3p (2012 – 65.5p) and this has resulted in growth of 7.3% in the net asset value per share to 1,001p at 31 July 2013 (2012 – 933p)."

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