LSL expects to report strong interim results on 1st August 2017

July 17, 2017

LSL Property Services plc, a leading provider of residential property services incorporating both Estate Agency and Surveying businesses, today provides Pre Interim Results Trading Update ahead of the announcement of its interim results on 1st August 2017.

Trading Update

Following LSL’s positive AGM statement issued on 27th April 2017, trading for the first half of 2017 has been strong including a good performance in June. LSL therefore expects to report strong interim results on 1st August ahead of the Board’s expectations and significantly ahead of the same period last year, with the Estate Agency Division performing ahead of the Board’s expectation and delivering strong growth in Lettings and Financial Services income, and with a strong performance by the Surveying Division.  The results for the first half 2017 have also benefited from a small number of non-recurring items in comparison to the same period in 2016.

As a result, the Board anticipates that full year 2017 Group Underlying Operating profit  will be materially ahead of its prior expectations, with a more equal weighting between the first and second half compared to prior years.

LSL will provide a further update with its interim results on 1st August 2017.

Read the Pre Interim Results Trading Update announcement in full on their website click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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