Foxtons (GB:FOXT) has released an update.
Foxtons Group plc has reported robust financial performance for the first half of 2024, with an 11% increase in revenue and significant growth in adjusted operating profit by 24%. The London-based estate agency has outperformed market expectations, particularly in the sales segment, which saw a 28% revenue rise, and is on track to meet its medium-term operational profit targets. These results reflect the company’s successful implementation of its turnaround plan and strategic acquisitions, positioning it well for sustained growth.
For further insights into GB:FOXT stock, check out TipRanks’ Stock Analysis page.
