UK's Foxtons hits near 6-month high as FY results beat market view
28/01/2025 08:16
** Shares of Foxtons Group FOXT.L rise as much as 7.8% to
71.18p, their highest since July 30, 2024; stock among top pct
gainers on FTSE Small Cap .FTSC index
** The British real estate agent says its 2024 revenue and
operating profit were ahead of market expectations, partly
helped by the growth in its lettings business
** Revenue of London's largest real estate agent grows 11%
to about 163 mln pounds ($202.8 mln) for the year ended Dec. 31;
adj operating profit jumps 33% to 19 mln pounds
** Analysts on average were expecting revenue of 160.1 mln
pounds and profit of about 17.9 mln pounds, according to
company-compiled estimates
** Stock gained 50% in 2024
($1 = 0.8039 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))