Trading Update and Notice of Results

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: [phone]
David Fletcher, Chairman Peter Bailey, Finance Director
Cairn Financial Advisers LLP	Tel: [phone]
(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.

 

END