Hunters Property says on track to meet expectations

Writer, Stock Market Wire
Wednesday, January 30, 2019 - 09:05

Hunters Property, a franchised sales and lettings agency businesses, said annual results would be broadly in line with expectations despite a 'challenging' UK housing market last year.

Network income rose by 1.4% to £39.4m from a year earlier and lettings revenue grew by 13% to £13m.

'We are, once again, pleased with our performance and the progress we are making in adding high quality businesses to our network. We have added 124 branches organically over the last 5 years and we are optimistic that the success of this strategy leaves us well placed,' the company said.

'Whilst we expect 2019 to be no less challenging, we have added two further branches this month and have signed and scheduled a further four by the end of February, which we believe will provide us with the start that puts us on track to meet our expectations for the year,' the company said.

At 9:05am: (LON:HUNT) Hunters Property Plc share price was 0p at 43p

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