Watkin Jones (GB:WJG) has released an update.
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Watkin Jones plc reports a robust half-year performance with revenues up 13.8% to £175.1 million and operating profit soaring by 122.2% to £4.0 million, reflecting cost-saving measures and strong margins. Despite market disruption, the company maintains a strong liquidity position with £44.0 million in net cash and continues to build its pipeline, securing new development sites and planning for thousands of student beds. However, mindful of current market conditions, the Board is holding off on declaring an interim dividend.
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