US Edition Pre-tax profits rose to £8.1m in the six months to the end of June, compared with £3.5m in the same period last year, on revenue up 15.6pc to £133.6m.
David Ritchie, the Bovis chief executive, said : "This increase has been delivered through improved profit margins generated from reduced construction costs on existing sites and the initial contribution from new higher margin sites acquired since the housing market downturn."
The company made an operating profit of £10m with an operating margin of 7.5pc. This compares with operating profits of £4.8m in the first half of 2010 and an operating margin of 4.2pc.
Bovis' average sales price increased to £163,400 from £158,400 in the first half last year and the housebuilder completed 801 homes, against 803 homes in the same period in 2010.
Mr Ritchie said housing market conditions remain "significantly constrained by continued restricted mortgage availability at higher loan to value ratios", but he expects market pricing to remain relatively stable at current levels.
The company has decided to restore its interim dividend, paying 1.5p a share on November 25.