Purplebricks Revenue Soars But Losses Widen
The hybrid estate agent, which has pumped money into an advertising campaign, has grown its share of the online market Online estate agent Purplebricks presented a mixed bag in its first set of results since listing on London's junior Aim market in December. Revenues at the company climbed to £7.2m from £800,000 in the six months to October 31. But pre-tax losses widened to £6.4m, from £2.5m in the same period last year, as it spent heavily on marketing and advertising in a bid to grow its market share.