30th Jan 2014 10:43
LONDON (Alliance News) - Lettings and estate agent MartinCo PLC Thursday said it expects to report full-year financing results in-line with budgeted expectations following strong trading in its final quarter
The company, which started trading on AIM last month, said its franchise network's total fee income rose 11% compared with 2012, while each month represented a new record over the corresponding month in the previous year.
The group enjoyed particularly strong trading in its final quarter, with the Franchise Network's Total Fee Income increasing 11% on a like-for-like basis compared with 2012.
"The combination of a record final quarter and a successful IPO concludes a satisfying year at Martin & Co, Chief Executive Ian Wilson said in a statement.
"The group is confident in its ability to deliver its targets for 2014, encouraged by improving market sentiment within UK residential property, and the increased lending to the investment landlord sector," he added.
The stock was trading at 137.00 pence Thursday morning, up 2.00 pence or 1.5%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
MCO.L