Preliminary pre-tax profits at Fletcher King slipped 5% for the year ended 30 April 2012.
The agent made £395,000 last year, down from £414,000 in 2011 on revenues down marginally to £3.1m.
Basic and diluter earnings per share fell from 3.59p to 3.04p with a final dividend per share of 0.75p.
The total ordinary dividend for the year was level at 1.5p per share.
Fletcher King chairman David King said: “We consider the results for the year to be satisfactory given the current economic circumstances. We see little change in the coming year which will continue to be challenging. We will keep a steady eye on overhead costs and it will take all our ingenuity and resource to maintain turnover.
“We are working hard to expand the recurring income part of our business, namely fund and asset management whilst pushing hard on investment broking.”
jack.sidders@estatesgazette.com
