25th Jun 2020 16:24
Property Franchise Group PLC - Bournemouth-based lettings and estate agency franchisor - Says in annual general meeting that revenue from April 1 to May 31, declined 20% year-on-year. Total lettings management was down 14%. However, following the reopening of the property market, sales activity has improved. Says sales listings in May were four times higher than April, adding that sales income has also improved with exchanges in May at 51% of levels at the same period in 2019. Adds that brand EweMove is starting to achieve similar levels of sales listings to the pre-lockdown period. Property Franchise says it intends to return to dividend payments as soon as it is appropriate to do so.
Current stock price: 164.00 pence
Year-to-date change: down 18%
By Ife Taiwo; [email protected]
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