IN BRIEF: Foxtons says Lettings arm drives revenue and profit beat
25th Jan 2024 13:53
Foxtons Group PLC - London-based estate agency - Adjusted operating profit in 2023 is about GBP14 million, flat from GBP13.9 million in 2022 but above market consensus of GBP11.8 million. Revenue grows by 4.8% to about GBP147 million from GBP140.3 million, also beating market expectations, according to Foxtons. The estate agent says revenue continues to be driven by Lettings division, where revenue increased by about 16% to pass the GBP100 million mark. This more than offset revenue declines in Sales and Financial Services. Read More