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| Bellway posts interim results for six months British low-cost home builder Bellway Plc posted their interim results for the half year ended 31 January 2009. As anticipated, in this difficult market, the Group suffered a fall in volume and average selling price, consequently revenue for Bellway reduced from GBP581.5 million to GBP320.2 million. The number of homes sold in the period was 2,014 (2008 - 3,252) with the average selling price being GBP156,100 (2008 - GBP174,800). Operating profit before exceptional items benefited from the reduction in overheads made during 2008 and at GBP29.5 million, produces an operating margin of 9.2%. Profit before tax and exceptional charge was GBP17.7 million compared to GBP96.9 million in the same period last year. write your comments about the article :: © 2009 Construction News :: home page |