StockMarketWire.com - LSL Property Services' board expects full year group underlying operating profit to be marginally ahead of its prior forecasts.

But the group said market activity levels had remained subdued throughout this year and with continued uncertainty over UK economic conditions and the UK and global political environment, it continued to remain cautious on the market outlook for 2018.

A trading update said: 'Group revenues for the ten months ended 31 Oct 2017 increased by 1.1% to £260.9m (2016: £258.0m) with Estate Agency up by 1.6% and Surveying down by 0.7%.

'Group revenues for the four months ended 31 Oct 2017 of £109.4m (2016: £106.6m) were 2.6% higher year on year.

'Whilst Residential Sales exchange income was down by 2% in the same period reflecting lower exchange volumes, strong performances were delivered in Lettings revenue (+4%) and Financial Services revenue (+17%) demonstrating the strength of the Group through its broad range of businesses across the residential property services sector.'


At 8:20am: [LON:LSL] LSL Property Services PLC share price was -0.12p at 259.13p



Story provided by StockMarketWire.com