13th Oct 2015 06:39
LONDON (Alliance News) - Bellway PLC on Tuesday said it should be able to grow volumes by up to 10% in its current financial year, as the housebuilder reported a 44% jump in pretax profit in its most recent financial year and raised its dividend.
In a statement, Bellway said pretax profit amounted to GBP354.2 million in the year ended July 31, compared with GBP246.0 million in the prior year, as revenue swelled to GBP1.77 billion from GBP1.48 billion. The housebuilder lifted its full-year dividend per share by 48% to 77.0 pence from 52.0p.
"Bellway is well positioned to continue delivering its strategy for growth, investing in high quality locations and delivering further sustainable returns for shareholders. The outlook remains positive and the strength of the forward order book should enable the group to achieve volume growth of up to 10% in the current financial year," Chairman John Watson said in a statement.
By Samuel Agini; [email protected]; @samuelagini
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