Residential for rent developer and manager Watkin Jones confirms in today’s interim results that it has started a phased return to construction and has the financial resilience, including gross cash of £72m and £71m headroom on its new RCF, to return to growth and “take advantage of economic opportunities that may arise” in the fall-out from the Covid-19 lockdown. The results show increases in revenue, profit and pipeline in a sector which could be transformed fo
19 May 2020
Resilient finances as construction restarts
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Resilient finances as construction restarts
Watkin Jones Plc (WJG:LON) | 44.0 1.6 8.9% | Mkt Cap: 113.1m
- Published:
19 May 2020 -
Author:
Alastair Stewart -
Pages:
6
Residential for rent developer and manager Watkin Jones confirms in today’s interim results that it has started a phased return to construction and has the financial resilience, including gross cash of £72m and £71m headroom on its new RCF, to return to growth and “take advantage of economic opportunities that may arise” in the fall-out from the Covid-19 lockdown. The results show increases in revenue, profit and pipeline in a sector which could be transformed fo