Hunters Property full year results projected to be ahead of expectations

27th Jan 2016 12:56

(ShareCast News) - Hunters Property is expected to post results above boardroom expectations, notwithstanding a turbulent 12 months for the UK property market.In a trading statement on Wednesday, the company, which was admitted to AIM in July, said its income was more than £30m in 12 months ending 31 December, up from £21.2m in 2014.Hunters Property added that all its divisions performed well in 2015 despite nearly two subdued quarters ahead of the UK General Election on 7 May, and a shortage of properties to sale and let since.The company's forward guidance suggests it is expected to post a 32% increase in revenue to £12m for the year, with earnings before tax, depreciation and amortisation (EBITA) up by more than 30% on an annualised basis.Hunters Property added that it expects "significant further expansion" during 2016, via acquisitions and franchise agreements.