Fire safety costs eat into Bellway profit

By Joey Gardiner2021-03-24T10:55:00

Firm shells out another £20m to deal with issue

Bellway has reported a drop in pre-tax profit for the first half of its financial year after being forced to write-off another £20m for fire safety repairs to existing homes.

Pre-tax profit at the housebuilder fell by 4% to £280m despite strong trading in the six months to 31 January as the housing market surged back to life following the spring lockdown last year.

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