Foxtons are back in profit again
News Category: Industry News
Published: 24-May-2010
The strong housing market recovery in London has helped Foxtons get back in the black.
The firm has reported a profit of £16.7m for last year, following a loss of £980,000 the year before.
Turnover was also up, from £75m to £85m.
However, its mortgage business, Alexander Hall, lost £1.4m, compared with a profit in 2008 of £126,000.
In the boom time of 2007, Foxtons made a profit of £24.3m on a turnover of £108m.
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