Belvoir Group PLC - Lincolnshire, England-based property franchise and financial services - For 2023, says trading to date has been in line with expectations. Notes resilient performance, with management services fees up 5% from the property franchise division year-on-year. Says gross profit from the financial services division is up 8% year-on-year.
Chief Executive Officer Dorian Gonsalves says: "Our resilient performance in 2023 to date is in line with management expectations and reflects our continued focus on supporting our franchisee and mortgage adviser networks, alongside our acquisition led growth strategy."
In March, the company reported revenue of GBP33.7 million for 2022, up 14% from GBP29.6 million in 2021. Pretax profit dropped slightly to GBP9.1 million from GBP9.3 million
Current stock price: 208.00 pence each, up 2.0% on Thursday afternoon in London
12-month change: down 13%
By Xindi Wei, Alliance News reporter
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