7th May 2015 09:02
LONDON (Alliance News) - Lettings agent MartinCo PLC on Thursday said it is trading in line with expectations.
In a statement ahead of its annual general meeting, Chief Executive Ian Wilson said the acquisition of Xperience, which it bought in October last year from Legal & General Group PLC, is delivering the expected rise in revenue and said its cost base remains under control.
He added all of its franchisor functions have been consolidated into its headquarters in Bournemouth and said it has absorbed the restructuring costs involved.
Shares in MartinCo were untraded Thursday, having last traded at 125.50 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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