FINANCE Housebuilder Bellway’s net asset value rose by 11.7% to 1,118p per share in the year ended 31 July.
Pretax profit increased by 74.5% to £245.9m, while the number of homes sold rose by 21.2% 6,851 during the period.
Company chairman John Watson said it had been “an exceptional year of progress” for Bellway.
“There has been a significant improvement in customer confidence during the year and this has enabled Bellway to accelerate the construction and delivery of much needed new homes,” he said.
The company has a landbank of 35,434 plots, compared with 32,991 this time last year. Of these, 19,434 have detailed planning permission, while the rest are awaiting permission.
