Business
Interim Results for the Six Months ended 30/06/14
Interim Results for the Six Months ended 30/06/14.
About this update from M Winkworth Plc
[{"type":"text","content":"\n \nRNS Number : 2454R M Winkworth Plc 10 September 2014 \n\nM Winkworth Plc\n \nInterim Results for the Six Months ended 30 June 2014\n \n \nM Winkworth Plc (\"Winkworth\" or the \"Company\") is pleased to announce its\nInterim Results for the six months ended 30 June 2014\n \nHighlights for the period\n \n· Sales up 20.4% to £2.49 million (2013: £2.07 million)\n· Profit before taxation £803,785 (2013: £594,633)\n· Cash generated from operations £436,582 (2013: £455,164)\n· Four new offices opened \n· Dividends of 2.9p declared and paid (2013: 2.6p)\n \nDominic Agace, Chief Executive Officer of the Company, commented:\n \n\"We are delighted to report a very strong set of numbers for the first half of 2014 as a result of continuing momentum in the residential sales market and further improvements in our rentals business. There are clear signs that Winkworth is gaining market share as we further improve customer service and expand in new markets within the London commuter zone.\"\n \n\"While the London property market has certainly undergone a change since the extreme levels witnessed in the early part of the year, we expect prices to remain on a sustainable long term uptrend, slowing from the 15% annualised rate witnessed this year to around 5% in 2015, subject to some extent to the outcome of the general election in May 2015.\"\n \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) &n...