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Bellway's pretax profit up 3.4% YOY for year ended July 31

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Bellway's pretax profit up 3.4% YOY for year ended July 31

U.K. homebuilder Bellway PLC logged a pretax profit of £662.6 million for the year ended July 31, up 3.4% from £641.1 million in the year-ago period.

EPS for the period came to £4.38, up 3.4% from £4.23.

Gross profit climbed 4.3% year over year to £790.2 million from £757.5 million. Operating profit rose 3.4% year over year to £674.9 million from £652.9 million.

Revenue came in at roughly £3.21 billion, marking an 8.6% year over year rise from roughly £2.96 billion, in line with the company's expectations.

Bellway's board is proposing a 5.2% increase in the dividend to £1.50 per share, up from the previous full-year dividend of £1.43 per share.