The Property Franchise Group (MCO)


MartinCo says 9mnth revenue rises 47% to GBP5.3m

MartinCo Plc said the period to Sept. 30 was a record for the group with total revenue increasing 47% to GBP5.3m (2014 GBP3.6m) and total Management Service Fees (MSF) rising 64% to GBP4.6m (2014 GBP2.8m)

MSF from its lettings business increased by 33% to GBP3.5m (2014 GBP2.6m) and MSF from its sales business increased by 504% to GBP1.0m (2014 GBP0.2m). This growth was primarily as a result of the Xperience acquisition in October 2014.

The Martin & Co branded network achieved 6% growth in MSF from lettings and 78% growth in MSF from sales compared to the same period last year.

At 9:55am: (LON:MCO) Martinco Plc share price was +2.5p at 168p