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Share Price: 320.00

Bid: 319.00

Ask: 321.00

Change: 1.00 (0.31%)

Spread: 2.00 (0.627%)

Open: 321.00

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LSL Property Services Has Good Second Half With 2015 Profit To Rise

Thu, 28th Jan 2016 09:43

LONDON (Alliance News) - Residential property services company LSL Property Services PLC on Thursday said it had a good second half to the end of December and said its underlying operating profit for 2015 will be slightly ahead.

The company said its estate agency division saw income rise 5.0% over the course of the year, with growth in its exchange, lettings and financial services income in 2015. The group also is pursing an estate agency acquisition strategy, which is ongoing, which helped boost its lettings book over the course of the year.

LSL said its surveying division performed well in the second half, with revenue up 3.0% year-on-year for the full year.

The company is set to publish its annual results on March 3.

LSL shares were up11% to 267.50 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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