StockMarketWire.com - Property Franchise Group booked a rise in annual earnings after all six of its brands boosted their revenue.

Pre-tax profit for the year through December was unchanged on-year at £4.3m, though the previous year included a one-off gain of £0.7m.

Adjusted Ebitda rose 15% to £5.1m, as revenue climbed 11% to £11.2m.

The company declared a final dividend of 6.0p, up 11% on-year.

'We are very pleased to be able to report another year of improvement across all key metrics,' chief executive Ian Wilson said.

'Our traditional high street brands benefited from further deployment of digital marketing 'know-how' instilled by our hybrid brand.'

'We maintain tight financial discipline, reflected in a further strengthening in our balance sheet and an improved net cash position.'

'Furthermore, this underpins the board's ability to confidently propose a further, meaningful increase in the dividend for the sixth successive year since our IPO in December 2013.'

'We entered 2019 with a significant improvement in our positive net cash position and the highest level of recurring revenues in the group's history'

'In addition, our profitable and established hybrid business provides further opportunities for growth.'

'The board is confident about the prospects for 2019 and envisage that the loss of tenant fee revenue and continued regulatory intervention in our sector will create opportunities for further consolidation and growth.'


At 8:05am: [LON:TPFG] Property Franchise Group Plc The share price was 0p at 147.5p



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