Strong H215 performances from both agency and surveying took LSL to a 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 cap
24 Mar 2016
Execution drives profit in flat market
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Execution drives profit in flat market
LSL Property Services plc (LSL:LON) | 265 0 0.0% | Mkt Cap: 275.6m
- Published:
24 Mar 2016 -
Author:
Martyn King -
Pages:
12
Strong H215 performances from both agency and surveying took LSL to a 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 cap