Accommodation specialist reports strong interim results

Watkin Jones, the North Wales and Cheshire-based student property developer, produced "strong" interim results in line with the company's expectations in the year to March 31. Revenues rose 0.5% to £159.1m, while pre-tax profits fell 0.9% to £23.4m. However, the group said it achieved strong underlying profit growth for the half year, with gross profit increased by 9% to £37.6m, while adjusted profit before tax increased by 10% to £26m. The board is recommending an 11.3% increase in the interim dividend to 2.75 pence per ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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