Countrywide plc reported unaudited consolidated earnings results for six months ended June 30, 2017. For the period, the company's revenues were £326,968,000 against £359,850,000 a year ago. Operating profit was £6,491,000 against £28,325,000 a year ago. Profit before tax was £447,000 against £24,285,000 a year ago. Loss attributable to owners of the parent was £284,000 against profit of £21,282,000 a year ago. Diluted loss per share attributable to owners of the parent was 0.12 pence against earnings of 9.76 pence a year ago. Adjusted EBITDA was £28.1 million against £37.9 million a year ago. Adjusted basic EPS 3.0 pence compared to 8.0 pence a year ago. Net cash inflow from operating activities was £6,778,000 against outflow was £5,340,000. Purchase of property, plant and equipment was £3,917,000 against £10,894,000 a year ago. Purchase of intangible assets was £2,859,000 against £3,967,000 a year ago. Adjusted basic EPS was 8.0 pence against 10.3 pence a year ago. Net debt at 30 June 2017 £217 million.

The estimated average annual tax rate used for the year to 31 December 2017 is 25.9%.