Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Property franchise Belvoir Group reported 'strong' first-half performance with revenue and operating profit both 'comfortably ahead' of the same period last year.
Its high street lettings and estate agency offices achieved a 5% increase in Management Service Fees, our key recurring revenue stream, and reported growth across both sales and lettings against a sector backdrop of falling sales activity and the introduction of a ban on tenant fees in June 2019.
Net banked commission in H1 by Brook Financial Services Limited was up strongly by 23% on a like-for-like basis compared to a year earlier.
The company said it was 'confident' of meeting market expectations for the year ending December 2019.
At 8:59am: (LON:BLV) Belvoir Lettings PLC share price was 0p at 113.5p