Share Price.com
Market Update Economic Events Directors Deals Commodities Prices News Market Movers

Franchise Brands pre-tax profits up 18.3%

Thursday, 15th September 2016
Franchise Brands' total revenue rose by 10% to £2,488,000 in the six months to the end of June.

Gross profit margin increased by 1.2% to 66.8% and profit before tax rose by 18.3% to £724,000.

Earnings per share rose to 4.79p (H1 2015: 4.05p), equivalent to 1.22p (H1 2015: 1.03p) on the basis of the number of shares in issue following admission.

Executive chairman Stephen Hemsley said: "I am pleased to be reporting our maiden interim results following the Group's successful IPO in which we raised £2.9m net and were well supported by institutional and retail shareholders, the management team, employees and franchisees.

"A key objective set out at the time of the IPO was to expand the Group through targeted acquisitions of high quality franchise businesses and we are actively reviewing a number of opportunities, leaving us hopeful that we will be able to announce our first transaction shortly.

"The Company's two main brands, Chips Away and Ovenclean, continue to trade well, giving us confidence in the full year outcome.

"With our highly experienced management team and Board, we have a firm foundation for continuing to build on our success to date."






Story provided by StockMarketWire.com

Related Shares: Franchise Brand

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.