A2 Dominion has reported a 74% drop in its annual surplus as it battled with pandemic disruption and increased building safety costs.

The 38,000-home housing association, in its accounts for the year to 31 March, reported a surplus of £6.4m – a steep drop from the £24.2m posted in 2019/20. Its operating surplus dropped from £89.4m to £78.4m.

Its turnover also fell by 5% over the same period, from £320.4m to £303.3m.

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