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Housing Today
Trusted media brand of the Chartered Institute of Housing
Clarion’s surplus hit by contractor failure and cyber attack
Housing association giant reduces development spend in “cautious approach”
Clarion’s surplus has fallen 45% due to the failure of a contractor, refinancing costs and a cyber-attack, it has announced.
The housing association giant, in a quarterly trading update today, said its pre-tax surplus for the 2022/23 financial year was £101m, down from £186m the previous year.
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