Savills announces interim results (UK)

Savills plc, the international property adviser, reported a small increase in pre-tax profits for the first half and that it is well placed to achieve a good result for the year as a whole.

Peter Smith, Chairman of Savills plc, comments: 'I am delighted to report a strong set of half year results with particularly good performance in the commercial markets both in the UK and overseas. The UK prime residential markets had a slower start to the year but the market improved in the second quarter especially in London. Asia had a very strong first half. The growing spread of Savills' business both on a geographical and product basis gives us confidence that we are well placed to achieve a good result for the full year.'

Interim results prepared under IFRS for the six months ended 30 June 2005:

  • Group revenue for the six months was up 12.7% at £158.2m (2004 – £140.3m)
  • Group profit before tax increased to £19.9m (2004 – £19.1m)
  • Adjusted Group profit before tax* increased by 15.0% to £19.9m (2004 – £17.3m)
  • Basic earnings per share increased to 23.9p (2004 – 23.5p)
  • Adjusted basic earnings per share* increased by 12.7% to 23.9p (2004 – 21.2p).
  • Interim dividend increased to 8.0p (2004 – 6.0p)

Source: Savills

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