Purplebricks' shares rise despite losses

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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.

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