Watkin Jones (GB:WJG) has released an update.
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Watkin Jones plc has reported that despite a slower market and fewer transactions than expected due to interest rate uncertainties, they anticipate a significant improvement in FY24 with an adjusted operating profit between £10m and £12m. The company has a strong cash position, with a net cash forecast of £65m, and is actively exploring funding options to capitalize on market recovery. They remain cautious about FY25 projections, expecting profits to not exceed FY24 levels unless market conditions notably improve.
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