(Sharecast News) - Online property portal OnTheMarket said it expected to report adjusted operating profit in line with raised expectations, driven by commercial partnerships.
The company forecast adjusted operating profit for the year to January 31 of around £2.6m compared with £2.4m a year earlier. Guidance issued last month forecast profits of at least £2.5m.
Revenue was seen rising to £30.8m compared with £23m.
The company said it experienced further operational progress in fiscal 2022, including the implementation of a number of commercial partnerships. Recent partnerships include arrangements with Brickflow, Autoenhance.ai and Sprift.