Purplebricks' shares rise despite losses

FTSE 100 image

Shares in Purplebricks Group rose marginally on Thursday to 318.8p despite the release of the company’s results which revealed a £26.2m loss due to the cost of breaking into new markets in Australia and the US.

Group revenue increased by 101% to £93.7m with the UK accounting for £78.1m, up 81% year on year, according to full year results published this morning. However, losses rose £20.2m from £6m last year.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now