StockMarketWire.com - Estate agency M Winkworth posted a small fall in first-half profit after political and economic uncertainty in the UK hurt sales.

Pre-tax profit for the six months through June fell to 1% to £588k, down from £594k on-year.

Revenue fell 2.5% to £2.73m.

The company declared an interim dividend of 3.8p, up from 3.7p on-year.

'While the sales market continues to be undermined by political and economic uncertainty, our ship remains steady and we look forward to an eventual revival in activity,' chief executive Dominic Agace said.

'In the meantime, I am delighted by the ongoing growth in our lettings and management business as our franchisees have worked tirelessly to build this side of the business.'

'We are confident of our proposition and very pleased to see continuing high numbers of potential new franchisees applying to join the group.'




Story provided by StockMarketWire.com