Business
Interim Results for the 6 Mon
Interim Results for the 6 Mon.
About this update from M Winkworth Plc
[{"type":"text","content":"\n RNS Number : 3026S M Winkworth Plc 08 September 2010 \n\nM Winkworth Plc \n \nInterim Results for the Six Months ended 30 June 2010\n \n \nM Winkworth Plc (\"Winkworth\", the \"Company\" or the \"Group\") is pleased to announce its\n Interim Results for the six months ended 30 June 2010\n \nHighlights\n \n \nn Sales up 20.7% to £1.68 million (2009: £1.39 million)\nn Profit before taxation up 79.1% to £563,345 (2009: £314,529)\nn Cash generated from operations of £233,150 (2009: £114,642)\nn 2009 final dividend paid 0.5p and interim dividend paid of 1p for 2010\nn Property sales transactions up 78%\n \n \n \n\"The first half of 2010 benefited from a sharp upturn in transactions and rising rental prices. While the second half of the year may see greater stability, we are confident in our organic growth prospects and remain alert to potential opportunities for acquisition. \n \nWe continue to see substantial value in franchising as a model and the efficiencies it brings to estate agents through its economies of scale. We have witnessed a dramatic increase in interest from potential new franchisees, with the number of applicants in the year to date standing at 84 compared to 32 at the same time last year\".\n \nDominic Agace, Chief Executive Officer\n \n \n \nFor further information please contact:\nM Winkworth Plc Tel : 020 8576 5599\nDominic Agace (Chief Executive Officer)\nChris Neoh (Chief Financial Officer)\nMilbourne (Public Relations) Tel : 020 7920 2367\nTim Draper\nFinnCap &nbs...