March 9 Countrywide reported a 59
percent fall in 2016 profit as Britain's largest estate agency
by revenue said a property tax increase and Britain's vote to
leave the European Union last year made it a challenging year
for the company.
The company said pre-tax profit fell to 19.5 million pounds
($23.71 million) in the year ended Dec. 31, from 47.7 million
pounds a year earlier.
It had forecast income for the full-year would be broadly
flat at 737 million pounds, after issuing two warnings on
results since July as Brexit uncertainty and some tax changes
hit housing demand.
Total income rose 0.4 percent to 737 million pounds.
($1 = 0.8224 pounds)
(Reporting by Justin George Varghese and Esha Vaish in
Bengaluru; Editing by Sunil Nair)