Watkin Jones has issued a trading update for its first half to 31 March, which points to a ‘small positive’ operating profit for the period, despite a market backdrop that ‘remains challenging’, with ‘good construction delivery on schemes which have traded in line with stated margin guidance’. There was also a 66% Y/Y increase in net cash at the period end – following on from the FY24 results, which beat our expectations.

29 Apr 2025
PROGRESSIVE: Watkin Jones - HY margins ‘in line’ as cash recovers further

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PROGRESSIVE: Watkin Jones - HY margins ‘in line’ as cash recovers further
Watkin Jones Plc (WJG:LON) | 33.1 0.3 3.1% | Mkt Cap: 85.0m
- Published:
29 Apr 2025 -
Author:
Alastair Stewart -
Pages:
5 -
Watkin Jones has issued a trading update for its first half to 31 March, which points to a ‘small positive’ operating profit for the period, despite a market backdrop that ‘remains challenging’, with ‘good construction delivery on schemes which have traded in line with stated margin guidance’. There was also a 66% Y/Y increase in net cash at the period end – following on from the FY24 results, which beat our expectations.