Clarion Funding plc Interim Report and Accounts 2020/21 (9142I)
16 Dicembre 2020 - 6:18PM
UK Regulatory
TIDM96XN TIDM51GC
RNS Number : 9142I
Clarion Funding plc
16 December 2020
Clarion Funding plc
16(th) December 2020
Clarion Housing Group delivers strong half year performance
Clarion Housing Group has today published its half year results
for 2020/21 , which show an improved turnover and surplus and an
increase in the number of new homes completed, compared to the year
prior.
The Group reports an operating surplus of GBP139m (2019:
GBP138m) against a turnover of GBP432m (2019: GBP402m) and the
completion of 860 new homes (2019: 691). A strong sales performance
was also seen, generating an income of GBP77m (2019: GBP56m).
In addition customer satisfaction rose slightly to 80.9% (2019:
79.6%) and with a range of support services in place for residents,
arrears remained within the Group's Covid-19-adjusted tolerance at
6.1% (2019: 5.3%).
Lockdown restrictions have had a limited impact on some
activity, with a decrease in the number of new homes started (2020:
813, 2019: 1,132) and a small drop in investment in existing homes
(2020: GBP29m, 2019: GBP31m), reflecting the period of emergency
and urgent only repairs. Clarion has now returned to a full repairs
service and planned investment programme, adopting Covid-secure
ways of working.
Mark Hattersley, Chief Financial Officer, said: "We are today
reporting a strong financial and operational performance
demonstrating the Group's resilience in the face of unprecedented
operating challenges. Our priority since March has been to support
our residents and our staff and to do all we can to ensure
continuity.
"It is of course too early to know the full impacts of the
pandemic but these are an excellent set of results and we are well
placed for the six months ahead."
Ends
For more information contact:
Gareth Francis, director of treasury and corporate finance,
Clarion Housing Group - 0778 7555655 /
gareth.francis@clarionhg.com
Lucy Pond, communications manager, Clarion Housing Group - 0771
8269023 / lucy.pond@clarionhg.com
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END
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