HUNTERS continues to enjoy its honeymoon period as a listed company, presenting the markets with a strong first set of interim figures.
The estate agency saw its share price spike after it floated at the start of July, reaching 90p a share within a week of its 60p launch.
It has maintained that higher valuation, with shares closing at 86p last night, which values the company at £24.5m.
It has announced revenues for the six months to June increased 45% to £5.23m, while adjusted profit before tax rose 14% to £344,000.
Hunters’ chief executive Harry Hill said the company had “made significant strategic progress” with its admission to the Alternative Investment Market “an important step”.
He added: “While the early part of the year was slow for the estate agency market as a whole and was impacted by the General Election, our performance in the first half was on plan.
“The second half is traditionally the stronger trading period and given the current momentum in the business and the benefit of our expanded branch network we are confident of achieving strong growth and meeting our expectations for the full year.”
In the period, Hunters increased its branch network to 161 and relocated its headquarters to a custom-built facility in York.
