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PA Housing operations hit by Covid-19 in the short-term | 23 April 2021

PA Housing operations hit by Covid-19 in the short-term | 23 April 2021
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Investegate |Paragon Treasury Plc Announcements | Paragon Treasury Plc: Trading update: Unaudited results 31 March 2021

  Paragon Asra Housing Limited ( PA Housing ) trading update and unaudited financial results for the period ended 31 March 2021   PA Housing, the parent company of Paragon Treasury Plc and a Registered Provider owning and managing 23,000 homes in the East Midlands, London and Surrey, announces its trading highlights and unaudited summary financial results for the 2020/21 financial year.     Over the year, PA Housing has delivered an operating surplus of £40.3m from turnover of £156.8m, equating to an operating margin of 26 per cent. Total comprehensive income after interest and other adjustments (including positive movement of £14.3m on fair value of financial instruments as at the reporting date) was £27.7m. Total available liquidity as at 31 March 2021 was £264m.

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