But housebuilder says latest full-year margins will be lower than last time
Bellway said revenue in its latest financial year will top the £3bn mark when it publishes its annual results this autumn.
In a trading update, the housebuilder said turnover in the 12 months to July would be £3.2bn, a rise of 8% on last time.
It said pre-tax profit was in line with market forecasts of £664m but admitted that operating margins would be lower than the 21.5% it reported in the first half and down from the 22.1% it posted to July 2018.
The number of homes it completed during the year was up by 5.7% to a record 10,892.
Chief executive Jason Honeyman said: “Trading conditions remain stable and customer confidence is resilient.”
The average selling price rose by 2.5% to £292,000.
It will publish its full-year results on 15 October.
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