Harworth sees operating profit increase 164%



The Harworth Group has seen its operating profit rise by 164% in H1 2024, compared with the same time last year.


Operating profit reached £21.1m in H1 2024, compared with £8m in H1 2023.

The firm also saw its net asset value increase from £603.1m to £650m over the same time period.

In terms of key non-statutory measures in H! 2024, such as EPRA NDV, the company achieved an increase of 3.5% to £687m (31st December: £663.9m), while according to the report, Harworth is now on track to reach £1bn by the end of 2027,  the firm also saw increases such as total returns, whereby H1 2024 ended with 4% compared with 0.1% in H1 last year.

Throughout the half year, Harworth gained planning permission for 1.8 million sq ft and 500 plots, plus a further 1.5 million sq ft and 500 plots post period end.

Lynda Shillaw, Chief Executive of Harworth, commented: “Harworth continues to consistently deliver strong progress against its strategic objectives and we remain on track to reach £1bn EPRA NDV by the end of 2027."

 



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