The Watkin Jones Plc Board has declared an interim dividend for the period of 1.4 pence per share, which will be paid on 30 June 2023 to shareholders on the register at close of business on 9 June 2023. The shares will go ex-dividend on 8 June 2023.
Other financial highlights include:
- Revenue of £153.9 million from their forward sold developments which are on site; no new forward sales in the period
- Adjusted operating profit of £1.8m reflecting reduced gross margins in line with previous guidance and additional costs incurred on their Exeter scheme following the liquidation of the third party main contractor and the subsequent step in by Watkin Jones
- Net cash balance of £45.3 million
