UK hybrid estate agency Purplebricks revealed a £3.2m ($4.3m) operating profit in its mid-December interim results, and has revised up its revenue guidance by 5% to £84m. "Our progress in Australia has been exciting and encouraging. The company said it had seen an increase of more than 50% on the number of homes sold since last year, with sales rising from 92,000 units at the end of 2016 to 136,000 this year. The firm's Australian 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 ($4.3m) operating profit in its mid-December interim results, and has revised up its revenue guidance by 5% to £84m. The company said it had seen an increase of more than 50% on the number of homes sold since last year, with sales rising from 92,000 units at the end of 2016 to 136,000 this year. The firm's Australian arm was on target to achieve its full-year revenue guidance of £12m, despite incurring losses of £5.1m, the results showed.