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Last Updated: Tuesday, 4 April 2006, 11:31 GMT 12:31 UK
Bellway says market is picking up
Builder at work
Bellway is confident it can build on its success in future
Housebuilder Bellway said a pick up in house sales meant it no longer had to rely as much on sales incentives.

The Tyneside-based firm has reported pre-tax profits of 87.8m ($153m) from a "challenging" half year to the end of January, down 2.1% on 12 months before.

Bellway said its order book remained "extremely strong" at around 715m.

Chairman Howard Dawe said February and March had shown signs of improvement in the market and that they remained "cautiously optmistic".

Bellway said its Scottish, North East and Thames Gateway divisions had thrived.

Bellway boosted by sales increase
18 Oct 05 |  Business

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