Bellway Posts Surge In H1 Profit

Bellway PLC BLWYY reported a 53% jump in its first-half pretax profit. Bellway's profit before taxation for the six months surged to GBP158.9 million, versus a year-ago profit of GBP103.8 million. EPS rose to 103.1 pence versus 65.9 pence. Its sales jumped 18.7% to GBP831.2 million. Average selling price gained 3.4% to 219,343 pounds. Bellway announced its plans to pay a dividend of 25.0 pence per share, versus 16.0 pence per share last year.