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Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
39,000 home landlord beats development target
A2 Dominion has significantly increased its turnover and surplus off the back of strong revenues from sales.
The 39,000-home housing association, in its annual results for the year to 31 March, reported turnover of £465.8m, up 54% on the £303m reported for the same period the previous year. Its surplus rose more than sixth-fold from £6.4m to £42.1m.
The revenue and surplus figures were boosted by increased income from sales. The group generated £100.6m in income from homes developed for sale, compared to £37.5m the previous year, while land sales brought in an extra £55.1m. Income from shared ownership sales increased from £3.1m to £38.4m year-on-year.
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