LSL Property Services plc report robust performance in subdued market conditions

March 7, 2018

LSL Property Services plc, a leading provider of residential property services incorporating both estate agency and surveying businesses, announced on 6th March 2018 their preliminary results for the year ended 31st December 2017.

LSL report: Robust performance in subdued market conditions with Group Revenue up and  full year Group Underlying Operating Profit up.

Read the full announcement 6th March 2018 at lslps.co.uk

Commenting on today’s announcement, Simon Embley, Chairman, said:

 “The Group delivered a robust financial performance given the subdued market conditions. I am pleased that the business delivered underlying operating profit growth in both the Estate Agency and Surveying Divisions.

“The Group has a strong balance sheet with relatively low levels of gearing and is very cash generative at an operational level. The business is well placed to capitalise on market conditions to increase Shareholder value.

“LSL’s financial performance in 2018 has tracked closely to the Board’s expectations and the Group is well placed to deliver a solid performance during the year.”

 

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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