Residential property services provider LSL Property Services reinstated a 5.4 pence-a-share dividend after it swung back to profit in 2009.

LSL reported a pre-tax profit of 16.6 million pounds for the year ended December 31, against a loss of 6.18 million pounds in the previous year.

Company’s revenue slipped from 161.8 million pounds to settle at 157.7 million pounds.

Underlying operating profit at the estate agency division was reported at 6.7 million pounds, against a loss of 8.4 million pounds in 2008.

Earlier in January, LSL completed its 1 pound takeover of the Halifax division from Lloyds, in a deal that put LSL at the second position in the list of the UK's largest estate agency businesses.

Shares in LSL gained 2 pence to 285 pence-a-share.