Business
Interim Results for the Six Months ended 30.06.13
Interim Results for the Six Months ended 30.06.13.
About this update from M Winkworth Plc
[{"type":"text","content":"\n \nRNS Number : 7959O M Winkworth Plc 25 September 2013 \n\nM Winkworth Plc\n \nInterim Results for the Six Months ended 30 June 2013\n \n \nM Winkworth Plc (\"Winkworth\" or the \"Company\") is pleased to announce its\nInterim Results for the six months ended 30 June 2013\n \nHighlights for the period\n \n· Sales up 9.4% to £2.07 million (2012: £1.89 million)\n· Profit before taxation £594,633 (2012: £421,140)\n· Cash generated from operations £464,296 (2012: £241,387)\n· Six new offices opened \n· Signing of master franchising agreement in India\n· 2013 interim dividends of 2.6p declared and paid \n \nDominic Agace, Chief Executive Office of the Company, commented :\n \n\"Without the disruptions in the housing market that we saw in 2012, and following a reduction in mortgage costs, we have experienced growing momentum in both prices and transactions in the residential market. We anticipate that UK transactions will increase by 12% this year as they start to recover towards the long term average of 1 million per annum.\n \nWhile we envisage that London will continue to be the most active market, we are also seeing a recovery in the country, where Winkworth has been increasing its presence, notably in the South East, South West and the Midlands, and expect to see this sustained throughout the rest of 2013.\"\n \nDominic Agace, Chief Executive Officer\nFor further information please contact:\nM Winkworth Plc Tel : 020 7355 0220\nDominic Agace (Chief Executive Officer)\nChris Neoh (Chief Financial Officer)\nMilbourne (Public Relations) &nb...