8th Sep 2020 14:46
Property Franchise Group PLC - property letting agent - Pretax profit for six months to June 30 flat at GBP2.0 million and revenue unchanged at GBP5.4 million, despite closures and challenges caused by Covid-19. Interim dividend reinstated at 2.1 pence per share. Tenanted managed properties increase year-on-year to 58,000 from 56,000. Substantial increase in activity recorded in June continues, with record performances continuing to be set across both the lettings and sales markets in July. Results for 2020 to be in line with its pre-Covid expectations for the full-year.
Current stock price: 185.85 pence
Year-to-date change: down 7.1%
By Tapan Panchal; [email protected]
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