logo
Share SHARE
FONT-SIZE Plus   Neg

Bellway Issues 6-month Trading Update - Quick Facts

Bellway Plc (BWY.L) provided trading update for the period from August 1, 2011 to January 31, 2012.

The company noted that during the period, it completed the sale of 2,455 homes, an increase of 5%, driven by completions of private sales, which have risen by a healthy 15%. This increase in the proportion of private completions, combined with other changes in mix, has resulted in the average selling price of all completions increasing by 8.7%. The Board expects that the average selling price will grow further, albeit at a slower rate, during the remainder of the financial year.

Besides, operating margin continues its improvement and is set to reach double digits for the six months to January 31. According to Bellway, this rate of improvement has now slowed and although the operating margin should continue to grow, it will do so at a more sustainable pace.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT