StockMarketWire.com - Purplebricks says it is on track to meet its FY expectations, with UK trading strong and progress in Australia encouraging.

"This has been a year of great progress across the board," said CEO Michael Bruce.

"The UK business continues to go from strength-to-strength and the decision to increase marketing spend in the spring market has been successful."

Bruce said Purplebricks had showed that the business model worked, with the first expected full year profit in the UK.

"Our early success in Australia highlights our ability to execute and the broad appeal of the Purplebricks customer proposition."

He added that US plans were progressing well, and the company's learnings from rolling out in the UK and Australia, coupled with the recent £50m fund raising, positioned it well for a launch in H2 2017.

"We are confident in our future and excited about our global opportunity."




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