Property Franchise Group
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The Property Franchise Group said it boosted revenue by 11% in the first half amid a rise in management services fees.

Revenue for the six months through June rose to £5.3m, as management service fees jumped 15% to £4.4m.

Total tenanted properties served rose 6% to around 53,000.

Related: Property Franchise Group brand snaps up independent agency’s lets

At 30 June, the company had net cash of around £0.5m, compared to net debt of £0.7m at the same period last year.

‘Consequently, the board is confident that trading continues to be in line with market expectations for the full financial year ending 31 December,’ Property Franchise Group said. ‘We are pleased to deliver revenue growth across all five of our high street brands and also our online brand, EweMove,’ chief executive Ian Wilson said.

Source: Stockmarket Wire

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