Bellway has recorded a pre-tax profit of £218.2 million for the year up to July 31 2005, a rise of 6.2% on the previous year. This comes on the back of a record turnover of £1.178 billion. The number of homes sold also increased from 6,610 to 7,001 with the average selling price at £163,800. Bellway chairman Howard Dawe said: “Despite testing market conditions, Bellway has recorded its fourteenth successive year of volume growth and turnover increased to a new record.” He added: “In the first two months of this current financial year, reservations have shown an encouraging increase of 4% and outlets will increase in the second half but are unlikely to benefit 2005/2006 significantly.”