TIDMHUNT

RNS Number : 7912L

Hunters Property PLC

24 July 2017

24 July 2017

Hunters Property PLC

("Hunters" or "the Group" or "the Company")

Trading update

Hunters (AIM: HUNT), one of the largest national lettings and estate agency franchise networks, is pleased to provide the following trading update.

The company has made an encouraging start to the year despite the widely reported challenging conditions in the housing market and tough comparisons due to the Stamp Duty changes in April 2016. The Group has maintained income levels in the first six months of the year against these tough comparisons and is well positioned to deal with current market conditions and the proposed tenant fee ban, expected in 2018. The Group continues to add new branches and following the acquisition of Besley Hill at the end of March, which is performing in line with the Board's expectations, our branch network currently stands at 206 (June 2016: 180).

The Board sees significant opportunities for growth in the franchise network and is confident that the full year outcome will meet market expectations and the continuation of a progressive dividend policy.

The interim results for the six months ended 30(th) June 2017 will be announced on 7(th) September 2017.

For further information please contact:

 
  Hunters Property PLC                  Tel: 01904 756 197 
   Glynis Frew, Chief Executive 
   Ed Jones, Chief Financial Officer 
 Dowgate Capital Stockbrokers          Tel: 020 3903 7715 
  James Serjeant (Corporate Broking) 
 SPARK Advisory Partners Limited       Tel: 020 3368 3551 
  Mark Brady and Neil Baldwin 
  (Nominated Adviser) 
 Smithfield Consultants Limited        Tel: 020 7360 4900 
  Alex Simmons

This information is provided by RNS

The company news service from the London Stock Exchange

END

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