Business
Preliminary Announcement
Preliminary Announcement.
About this update from Lsl Property Services Plc
[{"type":"text","content":"\n \nRNS Number : 8138R LSL Property Services 05 March 2019 \n\n 5th March 2019\n \nLSL Property Services plc (\"LSL\" or \"The Group\")\nPRELIMINARY ANNOUNCEMENT\n \nLSL Property Services plc, a leading provider of residential property services incorporating estate agency, financial services and surveying and valuation businesses, announces preliminary results for the year ended 31st December 2018.\n \n\n\n\n\n \n\n\n2018\n\n\n2017\n\n\n% change\n\n\n\n\nGroup Revenue - £m\n\n\n324.6\n\n\n311.5\n\n\n+4\n\n\n\n\nGroup Underlying Operating Profit1 - £m\n\n\n35.9\n\n\n37.5\n\n\n-4\n\n\n\n\nGroup Underlying Operating Margin - %\n\n\n11.1\n\n\n12.0\n\n\n \n\n\n\n\nGroup Adjusted EBITDA2\n\n\n41.6\n\n\n42.7\n\n\n-3\n\n\n\n\nGroup Operating Profit - £m\n\n\n25.4\n\n\n42.1\n\n\n-40\n\n\n\n\nProfit before tax - £m\n\n\n23.1\n\n\n40.1\n\n\n-42\n\n\n\n\nNet Exceptional (costs) / gain - £m\n\n\n(3.0)\n\n\n9.3\n\n\n \n\n\n\n\nBasic Earnings Per Share - pence\n\n\n17.4\n\n\n32.6\n\n\n-47\n\n\n\n\nAdjusted Basic Earnings Per Share - pence3\n\n\n27.2\n\n\n28.3\n\n\n-4\n\n\n\n\nNet Bank Debt4 at 31st December - £m\n\n\n32.1\n\n\n30.0\n\n\n+7\n\n\n\n\nFinal proposed dividend per Share - pence\n\n\n6.9\n\n\n7.3\n\n\n-5\n\n\n\n\nFull year dividend per Share - pence\n\n\n10.9\n\n\n11.3\n\n\n-4\n\n\n\n\n \n· Highly resilient Revenue and Underlying Operating Profit performance in the context of challenging residential market ...