Execution Drives Profit In Flat Market
Edison | Mar 24, 2016 09:17AM ET
Strong H215 performances from both agency and surveying took LSL Property Services Plc (LON:LSL) to a 24 March 2016 record underlying operating profit of £42.9m for the year. The small increase on the prior year was as previously guided and is a good result in what was a challenging year for the sector. Management gave a confident outlook for the current year, based on targeted internal initiatives, the ability of its brand to compete effectively, and potential further add-on acquisitions supported by its strong cash-generating capacity rather than on any anticipation of a revival of housing transaction activity.
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Execution drives profit in flat market
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