DTZ Holdings sees profits rise 27%

International property consultants, DTZ Holdings plc said that against a background of improving economic conditions, recovery in the occupier markets and fundamentally strong investment markets, the result for the current year will be ahead of expectations.

'Over the longer term, we are becoming increasingly confident about our prospects,' the company said, after posting a 27.5% rise in interim profits.

For the six months to end-October, pretax profits before exceptional items was £4.03m, compared to 3.16 mln last year. Sales were up 2.6% to £73.5m from £71.6m last time.
The interim dividend was maintained at 2.25 pence per share.

Chairman Tim Melville-Ross said: 'Growth in both the UK and the US is likely to have accelerated a little in 2003, although progress in the eurozone is still slow. However, the signs are that we should see stronger growth in most major economies in 2004.'

Source: FreemanNews

Related News