15th Jan 2019 11:50
LONDON (Alliance News) - Franchise Brands PLC on Tuesday said it expects 2018 revenue and profit to come in "at least" in line with current market views.
The market expects the franchisor to record annual revenue of GBP32.8 million and net profit of GBP2.2 million. In 2017, the company generated revenue of GBP24.3 million and adjusted pretax profit of GBP2.1 million.
The company added that its board "is also pleased to report" that trading in the initial weeks of 2019 has been positive as it looks forward to an "exciting year ahead".
Franchise Brands will publish its annual results on March 13. Shares in the company were trading up 3.4% at 66.70 pence each.
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