Business
Final Results
Final Results.
About this update from Fletcher King Plc
[{"type":"text","content":"\n\n \nFLETCHER KING PLC\n \nAudited results for the Year Ending 30 April 2024\n \nHighlights\n \n· Revenue for the year of £3,826,000 (2023: £3,079,000)\n· Statutory profit before tax of £452,000 (2023: £192,000)\n· Adjusted profit before tax of £504,000 (2023: £165,000) *\n· Adjusted basic earnings per share of 3.26p (2023: 2.01p) **\n· Final proposed dividend: 2.25p per share (2023: 0.75p per share)\n· Cash and fixed term deposit reserves: £3.8m as at 30 April 2024 (2023: £2.8m)\n \n*Adjusted profit before tax is before share-based payment expenses and after other comprehensive income (see note 2). The Board considers the adjusted results to be an important measure of performance due to the nature of the Company, and with share options being awarded to directors and key staff only.\n \n**Adjusted basic earnings per share is calculated using adjusted profits (see note 4).\n \n \nThe Annual Report and Accounts will shortly be posted on the Company's website and a further announcement will be made when the document is sent to shareholders.\n \nCommenting on the results, David Fletcher, chairman of Fletcher King Plc said:\n \n\"Against a backdrop of subdued property markets, we are pleased to report improved results compared with last year and to be able to recommend an increased dividend payment. Markets are likely to remain cautious for a while longer, and it will be a challenge to maintain the same financial performance. However, we have started the new year with a solid base of contracted fee income and, with some good instructions in the pipeline, we are cautiously optimistic for the forthcoming period.\"\n \nThis announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.\n \n \nFor further information, please contact:\n\n\n\n\n \n\n\n\n\n\n\n\nFletcher King plc\n\n\nTel: +44 (0) 20 7493 8400\n\n\n\n\nDavid Fletcher, Non-Executive Chairman\nPeter Bailey, Finance Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCairn Financial Advisers LLP\n\n\nTel: +44 (0) 20 7213 0880\n...