India, Aug. 12 -- British home builder Bellway Plc (BWY.L) reported Tuesday higher Housing revenue and completions in fiscal 2025. Underlying operating margin is expected to approach 11 percent in the year, higher than last year's 10 percent.
In its trading update for the year ended July 31, the company reported that housing revenue climbed 17 percent to over 2.76 billion pounds from last year's 2.36 billion pounds.
Total housing completions increased 14.3 percent to 8,749 homes from last year's 7,654 homes. The increase was driven entirely by growth in private output, and the proportion of private completions rose to a more normalised level of 79 percent of the total, compared to 75 percent last year.
Overall average selling price grew ...