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Fletcher King PLC - London-based chartered surveyors firm - Pretax profit rises to £50,000 in the six months to October 31, from £32,000 a year prior. Revenue is flat at £1.3 million. Finance income grows to £37,000 from £2,000. Looking ahead, Chair David Fletcher says: ‘Capital markets are likely to remain subdued for a while yet, but with some good instructions in the pipeline and a focus on improving non-transactional revenues, there are grounds for optimism that this will translate into business growth and development in due course.’ He adds: ‘Yet again it continues to be impossible to accurately predict the future of the property market and the timing of its recovery. With a focus on improving non-transactional fee income, our activities are healthy and growing and we look forward to a reinvigorated capital market.’
Current stock price: 33.80 pence, up 2.4% on Thursday
12-month change: down 22%
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