HomeBusinessPurplebricks sees return to growth in 2023 after half-year loss

Purplebricks sees return to growth in 2023 after half-year loss

UK on-line property agent Purplebricks Group Plc on Monday forecast a return to growth in 2023 after it posted a half-year loss on rise in investments, following a change in its pricing system and worker working mannequin.

Britain’s largest online-only property company, which had delayed its interim outcomes following a “process issue” in communications with tenants, mentioned loss from complete operations for the six months ended Oct. 31, 2021 was 20.2 million kilos ($27.10 million), in contrast to a revenue of 6.8 million kilos in the yr earlier.

($1 = 0.7453 kilos)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Shailesh Kuber)

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