StockMarketWire.com - Property franchise Belvoir Group reported 'strong' first-half performance with revenue and operating profit both 'comfortably ahead' of the same period last year.

Its high street lettings and estate agency offices achieved a 5% increase in Management Service Fees, our key recurring revenue stream, and reported growth across both sales and lettings against a sector backdrop of falling sales activity and the introduction of a ban on tenant fees in June 2019.

Net banked commission in H1 by Brook Financial Services Limited was up strongly by 23% on a like-for-like basis compared to a year earlier.

The company said it was 'confident' of meeting market expectations for the year ending December 2019.


At 8:59am: [LON:BLV] Belvoir Lettings PLC share price was 0p at 113.5p



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