LONDON (dpa-AFX) - UK-based residential property developer Bellway Plc's (BWY.L) full-year pre-tax profit grew 57% to 105.28 million pounds, from 67.16 million pounds last year. Profit for the year attributable to equity holders of the parent was 79.26 million pounds, higher than the prior year's 50.14 million pounds.
On a per share basis, earnings for the recent year were 65.2 pence, an increase from 41.4 pence in the comparable period in 2011.
Revenue totaled 1.0 billion pounds, compared with 886.1 million pounds a year earlier.
The board is proposing to increase the final dividend by 59% from 8.8 pence to 14.0 pence per ordinary share, thereby producing a total dividend for the year of 20.0 pence, up 60% compared with last year and this is covered 3.3 times by earnings. The final dividend would be paid on January 16, 2013 to all ordinary shareholders on the Register of Members on December 14, 2012. The ex-dividend date is December 12, 2012.
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© 2012 AFX News
