Countrywide expects strong full year profits after record quarter

Caitlin Morrison
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PROPERTY services firm Countrywide saw its shares climb 2.4 per cent yesterday, as it reported record profits for the third quarter of 2014.

Income at the group was £188m, up 22 per cent compared with the same period of last year, and the company said it was on track to deliver full-year results in line with market expectations.

Alison Platt, Countrywide chief executive, said the quarterly results underlined the scale and balance of the group’s broad-based business. She warned that 2015 would bring “further challenges”, but added: “I am confident in our opportunity to continue to deliver significant growth across our business as well as investing in value creating acquisitions whilst, at the same time, delivering increasing returns to our shareholders.”

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