CountryWide plc CWD : unveils annual mixed bag results, after a tumultuous year + Zoopla strong start trading year report
Countrywide Plc, the UK largest estate agency by revenue, has reported to the City on its 2015 activities , it has been, a tumultuous last 12 months, key staff departures and loss of market capitalisation. Zoopla has also made a AGM trade report. [see below] CountryWide Plc , Mixed bag of results, received with disappointment from the City Estate agent Countrywide PLC on Thursday posted a lower pretax profit for 2015 following a tough year for the company due to a slowdown in transactions in the London market. Countrywide said its pretax profit for the year was down to GBP47.7 million from GBP79.6 million a year earlier, though revenue increased to GBP733.7 million from GBP702.2 million. The reduced profit was driven by weaker profitability in its estate agency and lettings businesses in the year, which resulted in earnings before interest, taxation, depreciation and amortisation falling 7.0%. Financial services and surv...