Bellway 2018 interim results
Volume growth of 6.3% to 4,741 homes (2017 - 4,462), together with average selling price growth of 7.7% to £275,945 (2017 - £256,140), have driven the increase in operating profit, which rose by 16.5% to £294.2 million (2017 - £252.6 million).
A strong trading performance resulted in the operating margin rising further to 22.2% (2017 - 22.0%).
Earnings per share ('EPS') rose by 16.9% to 191.6p (2017 - 163.9p).
Return on capital employed has risen slightly to 25.3% (2017 - 25.1%), notwithstanding the investment in land and work in progress to support the delivery of our growth strategy.
The interim dividend has increased by 28.0% to 48.0p per share (2017 - 37.5p).
