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L&Q increases operating surplus by 60% in first quarter while completions halve
The 105,000-home housing association has also increased its fixed asset sales and sold its land business, L&Q Estates
The housing association has boosted its operating surplus by 65% in the first quarter of 2024.
The 109,000-home landlord increased its operating surplus, which excludes one-off costs, to £112m from £68m in the same period the previous year.
L&Q is now projecting an operating surplus of between £410m and £430m for the year ending 31 March 2025, which would be an increase on the £366m reported in 2023/24.
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