The Watkin Jones Board has declared an interim dividend for the period of 2.9 pence per share, which will be paid on 30 June 2022 to shareholders on the register at close of business on 10 June 2022. The shares will go ex-dividend on 9 June 2022.
Other financial highlights include:
Full year underlying profit performance expected to be in line with expectations
£2.0 billion record pipeline (estimated future revenue), up 43% on last year, of which £0.6 billion has already been forward sold; giving clear visibility of revenue and earnings growth in future years
8.2% increase in revenue to £193.0 million, boosted by strengthening institutional investor demand
£14.6 million underlying operating profit is down as expected on last year due to:
o A higher proportion of lower margin land sales in the period; and
o The timing impact of the planned portfolio sale of three PBSA schemes