This is the second half-year trading and performance update for Jigsaw Homes Group.
Despite the uk’s much documented inflation landscape and the cost of living crisis, we are pleased to report that the Group’s unaudited results as at 30 September 2023 remained in-line with our expectations and at present we are estimating that our forecast figures will broadly be in line with overall expectations by the 2023/24 year-end.
Our half-year consolidated operating surplus of £30.9m is £932k ahead of budget. We have experienced a positive contribution from sales through low cost home ownership and Right to Buy and together with net interest cost savings, this has resulted in our retained surplus for the six-month period standing at £14.1m, some £3.0m ahead of original forecasts.
View Jigsaw Homes Group’s 30 September 2023 trading update here>>
This is Jigsaw Homes Group’s first half yearly performance update following our successful debut bond issue amounting to £360m which completed in May 2022.
We are pleased to report that even with the challenges witnessed in the first six months of 2022/23, Jigsaw Homes Group’s unaudited results as at 30 September 2022 remain ahead of our expectations and in line
with performance in previous years.
