Countrywide PLC sees strong results
Countrywide PLC, one of the largest conveyancers in the country, has revealed profits from conveyancing of £3.4million.
The company’s reports for the six months to June 2013 revealed that profits increased 12%, or £0.4million, compared to the same period last year.
Instruction volumes generated from Countrywide were 17% higher than the prior year.
Bob Davies, Chairman at Countrywide PLC, said: ”We are pleased to announce encouraging results for the first half of the year, representing a positive start to our return as a listed company.
“Continuing improvements in the availability of mortgage finance, developing customer sentiment and the impact of Government initiatives should help to stimulate further the level of activity in the UK housing market.
“In this more encouraging environment the Board remain confident in the out turn for the year.”