OnTheMarket rises as co sees FY profit ahead of expectations

OnTheMarket

12/10/2021 09:58

** Shares of British online property portal services
provider  OTMPO.L  up 8% at 97.85p 
    ** Sees FY rev slightly surpassing estimates and adj. oper.
profit to be substantially ahead of expectations  
    ** Co's HY adj operating profit rises 163% to 2.1 mln pounds
 ($2.86 mln)  urn:newsml:reuters.com:*:nASN001R0A 
    ** "Demand for residential properties in the UK has remained
at very  high levels, however sales and lettings instructions
remain subdued" - Co   
    ** Including session's gains, stock down ~23% YTD

($1 = 0.7351 pounds)

 (Reporting by Amna Karimi in Bengaluru)
 ((amna.karimi@thomsonreuters.com))