Commenting on the results, Tim Melville-Ross, DTZÂ's Chairman, said: 'The breadth of expertise across the Group enables us to offer our clients value-added advice and implementation across the world and it is this, combined with our strong balance sheet, that gives us confidence for the future and, in particular, ensures that we are strongly positioned to benefit from an upturn in economic conditions.'
Highlights of preliminary results for the year ending 30 April 2002:
Â· Turnover up 7% to Â£152.6 million (2001: Â£142.3 million)
Â· Reduction in transactional income substantially offset by strong performance by professional and advisory services
Â· Profits before tax and minority interests of Â£12.7 million (2001: Â£19.1 million); UK profitability increased by 10%
Â· High quality transactional instructions maintained, including significant projects on behalf of Swiss Re, Chelsfield, Capital & Regional and Morley Fund Management Ltd.
Â· Advisory and consultancy instructions include work for Hammerson, Alstom, the Greater Manchester Pension Fund, the CrossRail Partnership and the Scottish Executive
Â· Continued international expansion and equity consolidation
Â· Total dividend for the year maintained at 6.25 pence per share.
For more information please visit www.dtz.com.