M Winkworth sees profit slightly above expectations
Source - SMW
M Winkworth said it expected annual profit to be slightly ahead of market expectations after revenue recovered from a first-quarter slump.
Revenue for the year would be broadly in line with market expectations, coming in no less than 5% lower than in 2016, when transactions in the first quarter were boosted by buy-to-let investors completing purchases before stamp duty rates rose.
"It is pleasing to report that the company's revenues in the second, third and fourth quarters of 2017 all grew year-on-year and, subject to audit, profits before tax are expected to be slightly ahead of market expectations of £1.3m," the company said.