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The latest update is out from Watkin Jones ( (GB:WJG) ).
Watkin Jones plc reported a resilient performance for the fiscal year ending September 2024, with improved profitability and cash positions despite a challenging investment market. The company’s revenue reached £362.4 million, and its adjusted operating profit increased significantly from £0.2 million to £10.6 million. The group also focused on cash generation, resulting in higher cash balances and a robust development pipeline. While the investment market remains tough, Watkin Jones is well-positioned to capitalize on market recovery, maintaining financial flexibility and continuing to secure new development partnerships.
More about Watkin Jones
Watkin Jones is a leading UK developer and manager of residential properties for rent, focusing on the build to rent, student accommodation, and affordable housing sectors. The company has developed over 50,000 student beds and is expanding in the build to rent sector. Watkin Jones operates with a capital-light business model, offering end-to-end solutions for investors.
YTD Price Performance: 0.0%
Average Trading Volume: 963,800
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £51.33M
Learn more about WJG stock on TipRanks’ Stock Analysis page.
