Old Mutual is another backing Purplebricks – UK hybrid estate agency Purplebricks revealed a £ 3.2 m ( $ 4.3 m ) operating profit in its mid - December interim results , and has revised up its revenue guidance by 5 % to £ 84 m . However , the results did not include data on how many properties had been sold in the six months to October , prompting some to query the company 's £ 4.16 share price and question if its up - front agent fee business model was sustainable . The firm 's Australian arm was on target to achieve its full - year revenue guidance of £ 12 m , despite incurring losses of £ 5 m , the results said .
UK hybrid estate agency Purplebricks revealed a £ 3.2 m ( $ 4.3 m ) operating profit in its mid - December interim results , and has revised up its revenue guidance by 5 % to £ 84 m . However , the results did not include data on how many properties had been sold in the six months to October , prompting some to query the company 's £ 4.16 share price and question if its up - front agent fee business model was sustainable . The firm 's Australian arm was on target to achieve its full - year revenue guidance of £ 12 m , despite incurring losses of £ 5 m , the results said .