LSL Property Services has said it is on track to make a record profit this year.
In a full-year trading update issued this morning, LSL said it expected group revenue to increase by 23% to £327m. This is despite a fall in its residential sales of 7% on 2020.
LSL said group underlying operating profit – that is, before any exceptional costs, contingent consideration, amortisation of intangible assets and share-based payments – was “significantly ahead of prior year”, and in line with the LSL board’s expectations.
