UK real estate agent Countrywide's full-year core profit halves

FILE PHOTO: A Countrywide estate agency is seen in the West End of Glasgow, Scotland, Britain, June 25, 2018 REUTERS/Russell Cheyne/File Photo - Copyright RUSSELL CHEYNE(Reuters)

By Reuters

Published on 13/02/2019 - 09:04•Updated 19/04/2024 - 20:00

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(Reuters) - British real estate agent Countrywide said on Wednesday challenging market conditions led to its core profit for the full year falling by half and added that it remains cautious about its outlook for 2019.

The company said its core earnings for the year ended 31 December 2018 fell 49.2 percent to 33 million pounds, which included a net charge of 2 million pounds.