Zoopla registers profits surge

by Jonathan Adams

Property website Zoopla reported a 38 per cent increase in annual pretax profit on Wednesday. It said it was well placed to withstand any negative impact caused by the Brexit vote.

The portal, which posted profit of £46.2 million in the year to the end of September in line with analysts’ forecasts, said it was comfortable with expectations for 2017, when further growth is anticipated.

According to the portal, “The directors believe that the group’s multi-channel, multi-brand strategy creates a diverse revenue base which means it is well placed to minimise any negative impacts (from the June 23 referendum)”.

Zoopla also said on Wednesday it had acquired estate agent website design and hosting business Technicweb.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Trading and Investment News. The information provided on Trading and Investment News is intended for informational purposes only. Trading and Investment News is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

Related Posts

    Sign up for our newsletter

    Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

    © Copyright 2024-25
    Trading and Investment News.
    Managed By News Media International A Brand Of CAS Media Group Publishing Ltd whose registered office is – 12 Deer Park Road, Wimbledon, SW19 3TL.

    Latest articles