UK's Watkin Jones slumps on lower half-yearly results

Watkin Jones

29/05/2025 08:44

** Watkin Jones WJG.L shares down 13.6% to 30.9p

** Property developer reports HY y/y rev 129.2 mln pounds ($173.88 mln)vs 175 mln pounds

** Adds, rev decline reflects lower level of transactional activity

** HY adj profit before tax 0.2 mln pounds vs 3.4 mln pounds

** While transactional activity remains slow & subject to continuing volatile market backdrop, co is focused on ensuring it remains in best position to exploit opportunities as conditions improve, says CEO Alex Pease

** As UK economic sentiment recovers, transactional liquidity should improve - Co

** As of last close, stock up ~78.75% YTD

($1 = 0.7431 pounds)

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))