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Christie Issues Profit Warning After Lost Transactions Post-Brexit

18th Jul 2016 06:44

LONDON (Alliance News) - Business services company Christie Group PLC on Monday said operating profit for 2016 is likely to be lower than it had previously anticipated.

Christie said its Agency division has seen a small number of transactions lost following the UK's vote to leave the European Union.

While first half revenue will be broadly flat year-on-year, second half revenue is expected to grow on the prior year, albeit not enough to drive profit to the previously expected level.

Christie will publish interim results on September 12.

By Sam Unsted; [email protected]; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.


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