Fletcher King (GB:FLK) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.