UK's Purplebricks posts annual loss on lower instruction volumes

Purplebricks

02/08/2022 07:13

Aug 2 (Reuters) - Britain's Purplebricks Group Plc  PURP.L 
on Tuesday reported its first annual loss since the pre-pandemic
2019 fiscal year, hurt by lower volumes of instructions, and
said it expects supply dynamics in the housing market to remain
challenging. 
    Britain's biggest online-only estate agency said adjusted
core loss for the year ended April 30 was 8.8 million pounds
($10.8 million), compared to a profit of 12 million pounds
reported a year earlier.
    
($1 = 0.8176 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru; editing by
Uttaresh.V)
 ((abyjose.koilparambil@thomsonreuters.com; +919986528692;))