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
Shares of Glencore International Plc. declined around 6 percent in London trading after the Commodities trader reported Wednesday wider pre-tax loss in its first half with weak revenues, amid lower commodity prices. Attributable net loss, however, narrowed from last year. Shares of WPP Group Plc. were gaining around 6 percent in the morning trading on London after the advertising giant reported Wednesday positive current trading and expectations for increased results. This was after reporting higher headline profit and increased revenues in its first half, even as reported profit declined from last year. The company also announced a significant dividend growth. Athletic clothing company Under Armour has ended sponsorship of a female hunter after a video that showed her husband killing a bear caused an outrage. Sponsorship of Sarah Bowmar, the wife and hunting companion of US hunter Josh Bowmar, was dropped by Under Armor following the negative response to...
comments powered by Disqus
Follow RTT