Clarion posts 27% fall in surplus due to pause in stock sales

High Path Plaza, Merton, Clarion Housing Group

Pandemic hits stock disposal plan and housing starts

Clarion has reported a 12% decrease in its operating surplus, as it paused planned sales of stock because of the pandemic.

The giant housing association, in its report for the year to 31 March 2021, revealed an operating surplus of £258m, down from the £293m reported the previous year. Its net surplus fell 27% from £168m to £122m over the same period.

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