Hunters Property PLC deliver robust results for the half year to June 2018
Hunters Property Plc, one of the UK’s largest franchised sales and lettings agency businesses, today announced its interim results for the six months ended 30 June 2018 in which it states that: the Board remains confident the 2nd half will, as usual, outperform the first and remains in line to exceed last year’s full year performance despite completed sales for the market as a whole reporting a 9% decline.
Glynis Frew, Chief Executive of Hunters Property Plc, commented:
“We have delivered robust results in the six months to June 2018 against a backdrop of markets that have continued to contract in terms of completed sales transactions which HMRC reported as at June as being down 8.8%* as against the same period last year. We are underpinned by our strategy to grow and develop the franchise network and we are bolstered by the pipeline of prospective franchisees interested in joining Hunters. We are encouraged with the take-up from our network as looking to expand and taking advantage of our facility to do so. We are especially encouraged at the increase in strength of prospects we have registered reinforcing our view, especially in this environment, of the comparative benefits of joining the Hunters network.
Our view is that the challenging market is unlikely to improve in the foreseeable future, but our intention is to continue the industry’s consolidation. The continuing work and support displayed by our staff and the franchise network is a great credit to the Group. I offer, on behalf of the Board, our gratitude to everyone that has been involved.”
Read the Hunters Property PLC announcement 6th September 2018 in full click here.