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Birmingham Post
Birmingham Post
Business
Tom Keighley

Property developer Jomast builds up profits in successful year

Regeneration company Jomast has seen operating profits nearly double in a successful year navigating Covid challenges.

The Stockton-based firm, which is among the North East's largest property specialists, saw operating profit rocket from £6m to £11.3m in in the year to the end of March, 2022, new accounts show. Jomast's turnover increased from £10.6m to £13.9m in the same period.

Owner and managing director Stuart Monk said the 100-strong firm's prospects for its current financial year were "very good" considering the economic backdrop. He praised company performance through what he called a "period of crisis" relating to the pandemic.

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