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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Foxtons Group Plc | LSE:FOXT | London | Ordinary Share | GB00BCKFY513 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.40 | 0.68% | 58.80 | 58.40 | 58.80 | 58.80 | 57.00 | 58.20 | 412,655 | 16:29:55 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 147.13M | 5.49M | 0.0182 | 32.31 | 177.16M |
From May 2019 to May 2024
TIDMFOXT
RNS Number : 4689Z
Foxtons Group PLC
20 May 2019
FOXTONS GROUP PLC
Q1 TRADING UPDATE
20 May 2019
Ahead of its AGM today Foxtons Group plc (LSE: FOXT), London's leading estate agency, issues the following trading update for the quarter ended 31 March 2019.
The Group's first quarter performance was in line with the Board's expectations. Revenue in the sales business declined as conditions in the London property market remain very challenging. Sales volumes continue to be at record low levels and ongoing Brexit uncertainty is impacting consumer confidence. Revenue in the lettings business was marginally ahead of the prior year, continuing its progress following the initiatives implemented in 2018.
Group revenue for the first quarter of 2019 was GBP23.8m compared to GBP24.5m in the first quarter of last year. This comprised sales revenue of GBP7.1m (2018: GBP8.2m), lettings revenue of GBP14.6m (2018: GBP14.3m), and Alexander Hall mortgage revenue of GBP2.0m (2018: GBP2.0m). There was no change to market conditions during April.
Foxtons remains in a strong financial position with a net cash balance as at 31 March 2019 of c.GBP15m (2018: c.GBP12m).
For further information, please contact:
Hot Features
Premium
Foxtons Group plc
Mark Berry, Chief Financial +44 20 7893 6261
Officer investor@foxtonsgroup.co.uk
Muhammad Patel, Investor Relations
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Teneo
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Robert Morgan / Anthony Di Natale +44 20 7420 3194
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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
May 20, 2019 02:00 ET (06:00 GMT)
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