Property services group Countrywide has posted an operating profit of £56m for 2013, up from £16.8m in 2012.
The group arranged 60,460 mortgages in 2013, up 12 per cent on the 53,922 arranged the year before.
Value of mortgages arranged last year stood at £8.3bn, up 20 per cent on £6.9bn in 2012.
The results came as Grenville Turner revealed he plans to step down as chief executive during the course of 2014.
A search for his successor, both from within and outside the company, has started.
The board has asked him to take over as non-executive chairman once a new chief executive is in place.
David Watson, currently the interim chairman, will then become deputy chairman and senior independent director.
Mr Turner said “Over the course of the last seven years, I have been fortunate to be chief executive of Countrywide plc.
“During this time, the group has been through quite a journey, both internally through a significant transformation programme, and externally, including a take private and return to public markets, all while operating during a prolonged downturn in the UK property market.
“I take great pride that as a PLC, Countrywide is operating so well following successful results for 2013 and, after careful consideration, I have decided that now is the right time for me to step down from my role as chief executive.”
