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TRADING UPDATES: OnTheMarket And Solid State Lift Profit Outlook
Mon, 22nd Feb 2021 11:34
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
OnTheMarket PLC - UK property search portal - Says trading for financial year ended January 31 ahead of expectations, with revenue seen at GBP23 million - versus GBP18.8 million in the 2020 financial year - and adjusted operating profit expected at GBP2.3 million, swinging from a loss of GBP9.2 million. These expected results reflect the measures taken during the year to support agents through customer discounts, whilst at the same time reducing costs and conserving cash, particularly through a reduction in marketing expenditure, company says. Back in December, OnTheMarket said it expected to report revenue of at least GBP22.5 million for its 2021 financial year and adjusted operating profit of at least GBP1.5 million.
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