We are pleased to introduce the second half-year trading and performance update for Jigsaw Homes Group. As a Group, we remain committed to our core mission of making a social impact through ”Creating Homes, Building Lives”. We aim to tackle the uk’s shortage of housing by building more affordable and sustainable homes for people to rent and buy.
The uk’s much documented inflation landscape, and the cost of living crisis were the dominant financial themes throughout 2022/23 and into the six-month period since the financial year-end. Our financial strength continues to shield against such external factors.
Even in the context of these challenges, 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.
You can view and/or download the trading update for the period ending 30 September 2023, here>>
