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Watkin Jones revenue falls 5.5%
StockMarketWire.com
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Build-to-rent developer Watkin Jones said revenue fell 5.5% for the year ending 30 September mainly due to forward sales developments being deferred as a result of the Covid-19 crisis.
The company said its gross margin for the year was 21.4% and in line with 2019.
Exceptional costs were £20.5 million, covering the costs of replacing cladding on student accommodation blocks and Covid disruption.
Watkin Jones proposed a full-year final dividend of 7.35p per share, in line with its policy of 2.0x cover by adjusted earnings,
At 1:40pm: (LON:WJG) Watkin Jones PLC share price was 0p at 162.4p
Story provided by StockMarketWire.com
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