Bellway’s profits were more than double the year until July 31st to £479 million.
Additionally, revenue has grown 40.3% to £3.12 billion over the past year, behind the strong housing market.
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House builders warn about supply chain issues that are holding back the construction sector. Supply chain disruptions have led to increased steel and timber prices.
“In addition, the nationwide shortage of large numbers of vehicle drivers and the recent disruption in fuel supply has had some impact on the availability of materials.”
“In general, these constraints are easier to manage by adopting appropriate procurement areas and forward-looking plans. However, they have been able to achieve construction production in the first half of fiscal year 2022 in the first half of fiscal year 2021. This means it is likely to be similar to what we have,” the group said in a trading statement.
