LONDON (Alliance News) - Belvoir Lettings PLC on Tuesday said trading in the second half of its financial year was in line with expectations and said it expects its pretax profit for 2014 as a whole to meet the market view.
The lettings agency group said the underlying performance of its network improved over the year to December 31, leading it to expect underlying pretax profit for the period to meet market expectations.
Belvoir will post its 2014 full-year results on April 15.
"Looking to 2015, Belvoir expects to continue strong organic growth in addition to the recruitment of new franchises and centrally-supported franchise acquisitions. Whilst this is likely to be against a backdrop of a more cautious property market, particularly property sales, Belvoir's key strength continues to lie within the resilient lettings market," said Belvoir Chairman and Chief Executive Officer Mike Goddard.
"As a result the board anticipates 2015 to be another year of earnings growth," Goddard added.
Shares in Belvoir were up 1.7% to 123.50 pence on Tuesday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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