Britain's Bellway resumes dividend as demand for homes pick up
Oct 20 (Reuters) - Homebuilder Bellway BWY.L reported a 43% year-on-year jump in its forward order book as demand for homes picked up after the initial round of lockdowns, while resuming the payment of dividend despite reporting a plunge in full-year profit.
The company, which builds apartments, family homes and luxury penthouses, said on Tuesday housing completions fell by nearly a third for the year ended July 31, and pretax profit fell to 236.7 million pounds ($306.31 million) compared to 662.6 million pounds reported last year.
($1 = 0.7727 pounds)
(Reporting by Samantha Machado and Aakash Jagadeesh Babu in Bengaluru; Editing by Amy Caren Daniel)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.