Fletcher King (GB:FLK) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Fletcher King PLC has reported an anticipated profit before taxation for the year ended 30 April 2024 to be two to three times higher than the previous year, primarily due to the successful completion of several large transactions. The company has also seen growth in non-transactional fees and improved recurring revenue from property management, asset management, and valuation services. Despite a loss on a property sale reflecting post-Covid market changes, Fletcher King boasts a strong balance sheet with no debt and is considering a higher dividend for shareholders.
For further insights into GB:FLK stock, check out TipRanks’ Stock Analysis page.