Bellway reinstates dividend, reports rise in forward order book

House builder Bellway reinstated its dividend as it reported a slight fall in interim profits and a strong forward order book.

The company on Wednesday said pre-tax profits for the six months to January 31 fell 4% to £280.2m. The forward order book at 14 March was 8.4% ahead at £1.64bn comprising 6,028 homes, up from 5,772 homes a year ago.

A dividend of 35p a share was declared.

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