March 9, 2017 / 7:14 AM / 5 months ago

BRIEF-Countrywide FY pretax profit 19.5 million stg

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March 9 (Reuters) - Countrywide Plc

* FY pretax profit 19.5 million stg

* FY basic EPS 8.0 pence

* FY total income 737.0 million stg versus 733.7 million stg

* 2017 outlook sales market volatility likely to continue

* New dividend policy to pay out between 30 and 35% of earnings; no final dividend for 2016

* 9.99% placing of share capital announced to reinforce balance sheet

* Key cost initiatives underway to underpin future profits

* In 2017 expects headwinds from tenants' fees regulation and pressured landlord environment

* In 2017 focus on share gain through digital rollout, planned to be in 50% of branches by june 2017

* Expect a resilient performance in 2017

* In 2016, political uncertainty and stamp duty changes had a significant impact on uk property market

* Looking forward expect difficult market conditions for foreseeable future Source text for Eikon: Further company coverage:

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