Bellway P.L.C. Reports Earnings Results for the Half Year Ended January 31, 2021
March 24, 2021 at 03:00 am EDT
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Bellway p.L.C. Announced earnings results for the half year ended January 31, 2021. For the half year, the company announced sales was GBP 1,720.5 million compared to GBP 1,541.4 million a year ago. Operating income was GBP 277.4 million compared to GBP 297.2 million a year ago. Net income was GBP 229.2 million compared to GBP 239.3 million a year ago. Basic earnings per share from continuing operations was GBP 1.859 compared to GBP 1.944 a year ago. Diluted earnings per share from continuing operations was GBP 1.854 compared to GBP 1.937 a year ago.
Bellway p.l.c. is a United Kingdom-based home construction company engaged in the building and selling of homes, ranging from one-bedroom apartments up to six-bedroom family homes, as well as providing social housing-to-housing associations. The Company operates into approximately 22 divisions, covering centers across England, Scotland and Wales. The Company's brands include Bellway, Ashberry brand and Bellway London. Bellway brand is engaged in building quality homes in selected locations inspired by the needs of families. Ashberry brand is used on larger sites, where the site layout and market demand justify two selling outlets. The Bellway London brand covers all their developments in London boroughs and commuter towns. Its properties range from one-bedroom apartments to four-bedroom houses. The Company's subsidiaries include Bellway Homes Limited, Bellway Housing Trust Limited, Bellway Properties Limited, Bellway (Services) Limited and Litrose Investments Limited.