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The company's modest turnaround comes as it grapples with a series of sexual harassment allegations concerning a senior agent with an internal investigation now underway. McGrath chief executive Geoff Lucas at the company's Pyrmont office. But the company would not be drawn into offering its forecast statutory net profit, which has been in the red over the past two years. Since its debut on the Australian Securities Exchange in , much of McGrath's earnings have been eroded by operation expense blowouts, goodwill impairment and depreciation in rent rolls. The company was confident however it could maintain an upward momentum but cautioned the recovery would not be swift. While house prices have rebounded, albeit slowly, the volume of listings of homes remained subdued, watering down the potential for any huge lifts in earnings, Mr Lucas said.
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Sex firm ‘too saucy’ to sell say prudish brokers

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Sex firm ‘too saucy’ to sell say prudish brokers – The Sun

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McGrath forecasts earnings lift amid sex scandal

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