Belvoir Lettings plc Provides Earnings Guidance for the Year Ended December 31, 2015; Announces Revenue Results for the Year Ended December 2015
February 01, 2016 at 12:30 pm IST
Belvoir Lettings Plc provided earnings guidance for the year ended December 31, 2015. Trading in the second half of the year was in line with the Board's expectations. The Group delivered growth through enhanced network performance, franchise acquisitions and increased property sales. As a result, the underlying profit before tax for the year is expected to be in line with market expectations.
Group revenue increased to £6.8 million compared to £6.5 million in 2014. Revenue from property sales grew by 60% to £1.4 million compared to £0.8 million in 2014, primarily reflecting the increased service offering from the acquired businesses.