By Michele Maatouk
Date: Monday 18 Jul 2016
LONDON (ShareCast) - (ShareCast News) - Operating profit for the year ending 31 December at Christie Group is likely to be lower than previously expected due to softer-than-anticipated trading in its professional business services division on the back of the Brexit vote.
The company said a number of transactions were lost within its Agency business following the outcome of the referendum.
First-half revenue is expected to be broadly in line with the corresponding period last year, with growth in second-half revenues year-on-year.
However, after recouping the expected first half loss mentioned at the June AGM, this growth in second half revenues is now expected to be insufficient to achieve the level of full year profit that previously anticipated.
At 1230 BST, Christie Group shares were down 9.2% to 78.12p.
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