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McGrath forecasts earnings lift amid sex scandal

The company expects to post earnings before interest tax depreciation and amortisation of between $1-1.5 million in the first half of 2020.

Su-Lin Tan
Su-Lin TanReporter
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ASX-listed real estate agency McGrath is poised to lift its pre-tax earnings to a little above $1 million for the first half of 2020 after a year of negative results.

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.

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Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au
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    Original URL: https://www.afr.com/property/residential/mcgrath-forecasts-earnings-lift-amid-sex-scandal-20191128-p53f3j