The National house builders, Bellway Plc, have released their interim results for their half year ended 31stJanuary 2011 indicating that they completed almost 4% more homes, despite the current low market conditions.
The key points are:
– Average Price achieved was £168,428, compared to £155,871 in 2010
– Completed Sales of 2,332 homes, compared to 2,247 in 2010
Bellway’s Chairman, Howard Dawe, said:
“Bellway has exceeded its targets for the six month ended 31 January 2011 as the Group legally completed 2,332 homes, an increase of almost 4%”.
He went on to say that:
“This resulted in profit, before tax, of £24 million, an increase of 26.3%”.
He continued:
“Last week’s budget announcements regarding our industry are to be welcomed and our appetite for land purchase continues”.
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