Amid its well-documented personnel challenges, McGrath Estate Agents has had another difficult year, reporting falls in both earnings and profit, but the high-profile group has shown the size of its fight by maintaining market share, increasing revenue and delivering a credible after-tax return to its shareholders.
In delivering its FY17 results to the market, McGrath reported a 7 per cent increase in earnings to $129.4 million, a market share constant at 3.4 per cent year-on-year and an underlying net profit of $6.4 million.
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McGrath FY17. PHOTO SOURCE: REB