StockMarketWire.com - The Property Franchise Group has lifted its FY pretax profit and total dividend in what it said was a strong set of results.

Pretax profit rose 19% to £6.9m, from £6.2m. Proposed final dividend was 4.5p a share, lifting the total to 6.5p, from 5.9p.

CEO Ian Wilson said TPFG had delivered another strong set of results.

"Our scalable multi-brand platform has resulted in the continued organic growth of our brands and enabled us to realise operational efficiencies borne out of the consolidation of the four brands acquired through 'Xperience'," he said.

The year also saw TPFG acquire EweMove, the on-line hybrid with a unique customer service proposition, which provided the company with a strategically important foothold in the rapidly developing market for on-line lettings and estate agency services.

"Looking ahead, we remain confident in the outlook for the business and believe the fundamental drivers for continued expansion of the private rented sector remain in place," said Wilson.

"Our multi-brand strategy, weighting towards lettings, together with our exposure to on-line through EweMove, leaves us well placed to grow our market share and continue to deliver returns for shareholders."




At 9:49am: [LON:TPFG] Property Franchise Group Plc The Ord 1p share price was +8.5p at 156p



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