Bellway 2017 final results
§ Another year of volume growth, with the number of completions rising by 10.6% to a record 9,644 homes (2016 - 8,721), significantly contributing to the increase in operating profit, which rose by 16.2% to £571.6 million (2016 - £492.0 million).
§ Earnings per share ('EPS') has risen by 12.7% to 370.6p (2016 - 328.7p) and this has facilitated a 13.0% rise in the proposed total dividend per share to 122.0p (2016 - 108.0p).
§ Strong capital disciplines resulted in return on capital employed ('RoCE') being maintained at a high level of 27.6%1 (2016 - 28.2%), notwithstanding the significant investment made in land and work in progress in order to deliver future growth.
§ Strong balance sheet with net cash of £16.0 million1 (2016 - £26.5 million).