Purplebricks interims to October show progress in its plan to return to operational cash generation in early FY24. Highlights of 1H23 include:
• 21.2k instructions: flat on 1H22 instructions of 21.1k
• £34.4m total fee income: down 1% on 1H22 of £34.7m
• £34.5m IFRS revenue: down 16% on 1H22 of £41.3m flattered by accounting
• 47.0% gross profit margin (1H22: 63.4%), reflecting increase in fixed costs following the transition to employed model in September 2021
• £16.2m gross profit: down 3 ....
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Purplebricks (PURP LN) - Diversification gathering pace
- Published:
08 Dec 2022 -
Author:
Robin Savage -
Pages:
8
Purplebricks interims to October show progress in its plan to return to operational cash generation in early FY24. Highlights of 1H23 include:
• 21.2k instructions: flat on 1H22 instructions of 21.1k
• £34.4m total fee income: down 1% on 1H22 of £34.7m
• £34.5m IFRS revenue: down 16% on 1H22 of £41.3m flattered by accounting
• 47.0% gross profit margin (1H22: 63.4%), reflecting increase in fixed costs following the transition to employed model in September 2021
• £16.2m gross profit: down 3 ....