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M Winkworth PLC - London-based estate agent - Plans to pay 2.7 pence dividend in second quarter.
Notes gross sales income in first half down about 40% on year prior, owing to ‘exceptionally strong’ comparator on the stamp duty holiday introduced by the Chancellor in July 2020 and extended from June 2021 to September 2021.
Says, however, sales up 50% on first half of 2019.
Gross lettings income up 6% year on year and sees ‘marked increase’ on 2019 interim period.
‘While the UK economic outlook and confidence in the housing market remain in question, the directors are pleased with the company's performance in H1 2022 and expect that full year pre-tax profits will be in line with the market forecast of £2.1 million, marking a substantial increase on the outcome for 2019,’ it adds.
Current stock price: 188.50 pence, up 4.7% on Wednesday
12-month change: up 0.5%
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