M Winkworth Plc declared a dividend of 3.3p per share for the fourth quarter of 2024.
Financial Highlights:
• Revenues of £10.79 million up by 17% on 2023 (2023: £9.27 million).
• Profit before taxation up 10% to £2.36 million (2023: £2.15 million).
• Strong balance sheet with year-end cash balance of £4.09 million (2023: £4.55 million) and with no debt.
• Full year dividends of 12.3p per ordinary share declared (2023: 11.7p per ordinary share), an increase of 5% on the prior year.
• Three new offices opened in the year (2023: 4) and five franchises resold to new operators.
• Franchised office network revenue up 12% at £64.7 million (2023: £57.8 million).
- Network sales revenue up 18% to £32.7 million (2023: £27.6 million).
- Network lettings revenue up 6% to £32.0 million (2023: £30.2 million).
• Sales revenues 51% of total revenues (2023: 48%).
