April 30, 2019 / 6:27 AM / 5 months ago

Countrywide warns on earnings as Brexit bites

April 30 (Reuters) - Countrywide Plc said uncertainty around Britain’s impending exit from the European Union had hit residential and commercial property markets, prompting the nation’s largest estate agent to warn of a shortfall in its first-half earnings.

Countrywide said it now expects first-half adjusted earnings before interest, tax, depreciation, amortisation and exceptional items to be about 5 million pounds ($6.47 million) lower than 2018.

The company had earlier forecast adjusted core earnings to be about 3 million pounds to 5 million pounds lower.

$1 = 0.7730 pounds Reporting by Noor Zainab Hussain in Bengaluru Editing by Saumyadeb Chakrabarty

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