OnTheMarket increases annual sales and flips to profit

OnTheMarket portal

Property portal OnTheMarket will flip a £9.2m annual loss to a profit at its next set of results as the Covid-19 lockdowns gave a boost to online operators.

In a trading update to investors the group, which is majority owned by agents including Savills and Knight Frank, said it expected to turn a profit of around £2.3m for the 12 months to 31 January.

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