March 20 (Reuters) - British housebuilder Bellway Plc reported a 16.6 percent rise in first-half pretax profit on Tuesday as it sold more homes at higher prices.
The company said pretax profit rose to 288.7 million pounds ($405.2 million) for the six months ended Jan. 31, from 247.6 million pounds a year earlier.
Average selling prices rose 7.7 percent to 275,945 pounds.
“Positive trading environment, together with a substantial order book, bodes well for the full year and should enable the group to complete in excess of 10,000 new homes,” Bellway said. ($1 = 0.7125 pounds) (Reporting by Radhika Rukmangadhan in Bengaluru; Editing by Gopakumar Warrier)