30th Jul 2020 19:31
Franchise Brands PLC - Macclesfield-based multi-brand franchise business - For the first six months of 2020, pretax profit dropped by 60% to GBP570,000 from GBP1.4 million on higher costs, and in spite of revenue growing by 21% to GBP24.2 million from GBP20.1 million, due to an increased contribution from the Willow Pumps acquisition. Like-for-like revenue however was GBP18.0 million, down from GBP20.1 million. Declares interim dividend of 0.30 pence per share, in line with year before. Reports strong start to second half of 2020.
Current stock price: 92.00 pence
Year-to-date change: down 27%
By Dayo Laniyan; [email protected]
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