Rising house prices and efficiency savings help Bellway profit jump

By Carl Brown2022-03-29T10:15:00

Housebuilder says home-grown initiatives helped combat rising labour and materials costs

Bellway said rising house prices helped offset some of the impact of increased labour and materials cots as the firm posted a near 10% increase in interim profit.

The housebuilder said its pre-tax profit jumped 9.8% to £307.6m in the six months to the end of January with revenue up 3.5% to £1.78bn over the same period.

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