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BRIEF-Hunters Property says FY adjusted pretax profit rose 31 pct
April 12, 2017 / 7:05 AM / 4 months ago

BRIEF-Hunters Property says FY adjusted pretax profit rose 31 pct

April 12 (Reuters) - Hunters Property Plc:

* Announces its preliminary results for year ended 31 december 2016

* FY network income rose 17 percent to £35.4 million

* FY revenue increased by 15 percent to £13.8 million

* FY adjusted profit before tax increased 31 percent to £1.86 million

* Proposed 30 percent increase in final dividend to 1.30p, increasing fy dividend by 27 percent to 1.90p

* "Q1 has started well taking us past 200 branches"

* Continue to out-perform general market activity; instructions up on last year and pipeline of new branch prospects remains healthy

* Continue to see numbers outperforming market conditions with instructions for first two months up 9% versus same period last year

* "Do not believe we will be significantly impacted" by government's intention to ban lettings tenant fees

* "May benefit from such a ban in any event as independent agents seek assistance of networks to grow replacement revenue" Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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