Foxtons profits are at the upper end of expectations for the end of 2021.
Full-year revenues were up 42% on the year previously and reached £133m. Adjusted operating profit for the year is expected to hit £7m.
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“Looking at the year ahead, the group expects a further improvement in adjusted operating profit… increasing rental levels in the London residential market and the implementation of improved digital marketing capabilities,” said Foxtons in a statement.
Shares were up 0.20 pence, or 0.5%, at 40.55 pence this morning at 0829 GMT.