With its interim results in August 2015, LSL targets implied a more than trebling of H215 operating profit compared with H115. Despite a continuation of limited numbers of properties coming to market, macro uncertainty and a number of cautionary comments by peers late in 2015, with this trading statement LSL announced it still expected to deliver on this promise. The mix of revenue was also as expected. We believe the company's expectations on delivery will be well received by the market.
02 Feb 2016
Making the challenging 2015 targets
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Making the challenging 2015 targets
LSL Property Services plc (LSL:LON) | 265 0 0.0% | Mkt Cap: 275.6m
- Published:
02 Feb 2016 -
Author:
Mark Thomas -
Pages:
6
With its interim results in August 2015, LSL targets implied a more than trebling of H215 operating profit compared with H115. Despite a continuation of limited numbers of properties coming to market, macro uncertainty and a number of cautionary comments by peers late in 2015, with this trading statement LSL announced it still expected to deliver on this promise. The mix of revenue was also as expected. We believe the company's expectations on delivery will be well received by the market.