L&Q reports trebling of surplus – but this could be reduced by impairment charges

By Carl Brown2024-05-10T11:02:00

Housing association giant reports earnings set for hit due to ’development defects and prolonged inflation’

L&Q’s has reported a post-tax surplus of £147m for the year to 31 March.

The housing association giant, in a trading update today, said its surplus has more than trebled from the previous year’s figure of £40m. Its operating surplus - which excludes certain one-off payments- more than doubled from £162m to £366m.

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