REG - Fletcher King PLC - Trading Update and Notice of Results

Fletcher KingAnnouncement

03/05/2024 07:00

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RNS Number : 0706N  Fletcher King PLC  03 May 2024

 For immediate release  3 May 2024

 

Fletcher King plc

 

("Fletcher King" or the "Company")

 

 

Trading Update

Notice of Results

 

 

Fletcher King plc (AIM: FLK), the chartered surveyors and asset managers,
provides the following trading update for the year ended 30 April 2024 and
notice of results.

 

Further to the Half-Year Report announced on 21 December 2023, which noted a
cautionary business outlook for the second half of the financial year, the
Directors are now pleased to report a strong second half business performance.
Revenue for the year is now expected to be materially higher than management
expectations, with a corresponding increase in profitability.

 

The Company reported a profit before taxation of £192,000 for the year ended
30 April 2023. Overall, it now expects to report profit before taxation for
the year ended 30 April 2024 that is likely to be in the range of two to three
times higher than last year.

 

The Company expects to announce Final Results for the year ended 30 April 2024
before the end of August 2024.

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

 

- Ends -

 

For further information, please contact:

 

 Fletcher King plc                Tel: +44 (0) 20 7493 8400
 David Fletcher, Chairman

 Peter Bailey, Finance Director

 Cairn Financial Advisers LLP     Tel: +44 (0) 20 7213 0880
 (Nominated Adviser)
 James Caithie

 Liam Murray

 

Forward Looking Statements

 

Certain statements in this announcement are forward-looking statements
relating to the Company's operations, performance and financial position based
on current expectations of, and assumptions and forecasts made by, management.
 They are subject to a number of risks, uncertainties and other factors which
could cause actual results, performance or achievements of the Company to
differ materially from any outcomes or results expressed or implied by such
forward-looking statements.  Undue reliance should not be placed on such
forward looking statements.  They are made only as of the date of this
announcement and no representation, assurance, guarantee or warranty is given
in relation to them including as to their accuracy, completeness, or the basis
on which they are made.

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