Despite these issues, Neil Woodford, Britain's most high-profile fund manager, remains a strong backer of Purplebricks, with his Woodford Investment Management Ltd retaining a 27 per cent stake having bought into the float. UK hybrid estate agency Purplebricks revealed a £3.2m ( £5.1m ) operating profit in its mid-December interim results, and has revised up its revenue guidance by 5% to £84m. However, the results did not include data on how many properties had been sold in mid-December , prompting some to query the company's £ $4.3m share price and question if its up-front agent fee business model was sustainable. The firm's Edwardian arm was on target to achieve its full-year revenue guidance of £12m, despite incurring losses of £5.1m , the results showed.
UK hybrid estate agency Purplebricks revealed a £3.2m ( £5.1m ) operating profit in its mid-December interim results, and has revised up its revenue guidance by 5% to £84m. However, the results did not include data on how many properties had been sold in mid-December , prompting some to query the company's £ $4.3m share price and question if its up-front agent fee business model was sustainable. The firm's Edwardian arm was on target to achieve its full-year revenue guidance of £12m, despite incurring losses of £5.1m , the results showed.