Interim results for the London and South East-focused estate and lettings agent demonstrate the resilience of Winkworth’s franchising model. Revenue and PBT rose 10% despite a “testing” sales market. But this has provided opportunities, with a sharp rise in applicants to join the network. The first half also saw further growth in lettings, management and central services to franchises. We retain our forecasts for FY2018 and 2019. Net cash remains healthy even after the &poun
12 Sep 2018
Franchising supports “solid” performance
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Franchising supports “solid” performance
M Winkworth plc (WINK:LON) | 175 0 0.0% | Mkt Cap: 22.6m
- Published:
12 Sep 2018 -
Author:
Alastair Stewart -
Pages:
8
Interim results for the London and South East-focused estate and lettings agent demonstrate the resilience of Winkworth’s franchising model. Revenue and PBT rose 10% despite a “testing” sales market. But this has provided opportunities, with a sharp rise in applicants to join the network. The first half also saw further growth in lettings, management and central services to franchises. We retain our forecasts for FY2018 and 2019. Net cash remains healthy even after the &poun