IN BRIEF: Watkin Jones says performance to improve as market recovers
13th Apr 2023 11:50
Watkin Jones PLC - London-based housing developer, contractor and manager - Says performance for the half year ended on March 31 has been driven by "contractually secure forward sold developments". Reiterates expectations for performance to be materially weighted in the second half of the year. Notes that the underlying residential for rent market continues to progress well with both "strong tenant demand and rental growth". Net cash amounts to around GBP44 million as at March 31, compared to GBP27 million a year before. Says interim results will be announced on May 23. "We are seeing appetite for forward funds continuing to recover and expect to close a number of transactions in our H2," Watkin adds. Read More