Clarion Funding plc Half Year Report and Accounts 21-22 (7598V)
15 Dezember 2021 - 12:21PM
UK Regulatory
TIDM96XN TIDM51GC
RNS Number : 7598V
Clarion Funding plc
15 December 2021
Clarion Funding plc
15 December 2021
Clarion Housing Group has today published its accounts for the
half year ending 30 September 2021 .
The Group's turnover increased to GBP512 million (2020: GBP432
million) and its net surplus increased to GBP100 million (GBP71
million), while overall customer satisfaction was maintained over
its 80% target, ending the year at 80.8%. In addition, Clarion
increased its investment in its existing homes to GBP53 million
(2020: GBP29 million) and increased its development output,
completing 892 new homes (2020: 860) - of which 86% were for
affordable tenures.
During the period, Clarion was announced as a Strategic Delivery
Partner by Homes England, which will see the Group bring forward
4,770 new affordable homes under the Affordable Homes Programme
2021-26. Clarion has also been allocated grant funding from the
Greater London Authority to support its plans to deliver 2,000 new
affordable homes in the capital between 2021 and 2026.
Building safety remained a top priority for Clarion and GBP18.6
million was invested in fire safety. In September, the Group acted
quickly and in accordance with advice following a series of
in-depth investigations and evacuated its 22-storey Large Panel
System building in Bow, Clare House.
Clarion has increased its focus on sustainability this year and
has completed its first pilot homes as part of the Social Housing
Decarbonisation Fund Demonstrator to significantly upgrade more
than 100 of its most energy inefficient homes in Fenland and
Tonbridge. During the first half of the year, the Group also raised
GBP300 million in its third sustainable bond issue, with a peak
order book of over GBP1.2 billion, to help fund the delivery of
new, energy-efficient homes.
Mark Hattersley, Chief Financial Officer, commented: "I'm proud
that we have delivered such a strong financial and operational
performance during the first half of the year. Our financial
strength and resilience provides the platform for us to continue to
build new homes, support our residents and invest in Clarion
communities across the country."
Ends
For more information, please contact:
Patrick Minjauw, deputy treasurer, Clarion Housing Group - 0207
378 5580 / patrick.minjauw@clarionhg.com
Lucy Pond, senior communications manager, Clarion Housing Group
- 0207 378 5555 / lucy.pond@clarionhg.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DOCFLFLLFTLELIL
(END) Dow Jones Newswires
December 15, 2021 06:21 ET (11:21 GMT)
Clarion Fund 48 (LSE:96XN)
Historical Stock Chart
Von Aug 2024 bis Sep 2024
Clarion Fund 48 (LSE:96XN)
Historical Stock Chart
Von Sep 2023 bis Sep 2024