Watkin Jones confident in outlook, citing earnings visibility

Property developer Watkin Jones said it remains confident in its outlook, noting the company's development pipeline provides excellent visibility of earnings and cash flow.

Directors believed the company would report a successful financial year with trading in line with expectations.

"It has been a busy year for the Group and excellent progress has been made," said chief executive Mark Watkin Jones in a statement.

"Not only have we delivered 3,819 beds across ten sites in the UK, but we have also successfully made the transition to being a public company," he added.

"Our performance in the year reinforces the attractiveness of our end-to-end business model to investors, whilst our development pipeline continues to provide excellent visibility of earnings and cashflow."

At about 11:06 GMT, shares in Watkin Jones were up 1.7% to 120p.