14th Jan 2005 09:10
Bellway PLC14 January 2005 BELLWAY p.l.c. AGM STATEMENT - FRIDAY 14 JANUARY 2005 At the Annual General Meeting of Bellway p.l.c. to be held at 12 noon today inNewcastle upon Tyne, the Chairman, Mr H C Dawe will make the followingstatement. "Since last summer the UK housing market has returned to more normal levels ofactivity. Bellway's policy of forward selling has resulted in the Group havingsecured, at present, over 80% of its expected sales target for the year to 31July 2005. As a result of this, the Board is confident that Bellway's profit forthe current financial year should be a record for the ninth year in succession. Bellway has one of the lowest average selling prices in the industry and willcontinue to supply quality product to the lower to middle market. The Group'swide geographical coverage allows us to adjust to market conditions as theychange. Further details will be released in a Trading Update on Thursday 3 Februaryprior to entering the close period on Friday 18 February. The results for thesix months to 31 January 2005 will be announced to the Stock Exchange on Tuesday19 April". Contacts: J K Watson, Chief Executive - Tel: 0191 217 0717 or mobile 07855 337007 A M Leitch, Finance Director - Tel: 0191 217 0717 or mobile 07855 337001 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Bellway