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Name | Symbol | Market | Type |
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Para Trsy 47 | LSE:60VT | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 107.971 | 0 | 01:00:00 |
TIDM60VT
RNS Number : 5296X
Paragon Treasury PLC
01 September 2020
2019/20 financial statements and supplementary information for investors
Paragon Treasury Plc's parent company, Paragon Asra Housing Limited ('PA'), announces the release of its audited financial statements for the financial year ended 31 March 2020.
PA is pleased to confirm that its results were in line with the Board's financial plans, allowing for some deviation from plan in the final weeks of the year due to Covid-19. The audited results are consistent with the results disclosed in the trading update released on 6 May 2020, which was based on the unaudited management accounts for the year. The key changes from the preliminary results were to insert standard year end accounting adjustments in respect of financial instruments and final salary pension scheme liabilities.
Headline Group figures are as follows:
2019/20 2018/19 2017/18 Turnover GBPm 150 160 165 Of which shared ownership sales 8 11 15 Operating surplus GBPm 55 62 65 Operating margin (all activities) 37% 39% 40% Operating margin (social housing lettings) 26% 33% 36% Operating margin (shared ownership sales) 42% 33% 40% Net surplus before tax GBPm 29 39 33 Total assets less current liabilities GBPm 1,830 1,714 1,671 Cash reserves GBPm 46 50 23 Financial indebtedness GBPm 801 712 691 Properties owned / managed 22,743 23,059 23,505
These results represent continued financial resilience, leaving PA well placed to respond to current challenges and deliver corporate plan objectives. All financial golden rules continue to be fully met.
The full audited financial statements for PA are available from the Investor Relations section of our website: www.pahousing.co.uk/about-us/investor-relations . The document includes information about our performance during the year and future expectations, including a section dedicated to our environmental, social and governance activities.
Please contact our Resources Director Simon Hatchman for further information.
email simon.hatchman@pahousing.co.uk
Direct tel 07720 087108
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ACSSELFIUESSESA
(END) Dow Jones Newswires
September 01, 2020 11:00 ET (15:00 GMT)
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