OnTheMarket plc Provides Earnings Guidance for the Year Ended January 31, 2021
April 15, 2020 at 02:00 am EDT
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OnTheMarket plc provided earnings guidance for the year ended January 31, 2021. For the year, the company expected revenues will be impacted in the short-term, the company considers it of fundamental importance to support agents through this difficult period and the Group will conserve cash through the careful management of costs.
OnTheMarket plc is a holding company, which operates the OnTheMarket.com property portal, is a residential property portal provider in the United Kingdom. The principal activities of the Company are the provision of online property portal services to businesses in the estate and lettings agency industry under the trading name of OnTheMarket.com, and the provision of software services to the United Kingdom estate and lettings agents by Glanty under the trading name teclet. Its segments include Glanty and Rest of the Group. It provides an opportunity for agents to participate in the equity value of their own portal. Its online valuation service gives an estimate of one's home's current value. In operating the OnTheMarket.com Website and associated applications, it seeks to provide an online advertising environment for properties and a property search experience for property-seeking consumers. Agents' Mutual Limited, Glanty Limited and On The Market (Europe) Limited are its subsidiaries.