Savills reports strong growth

Posted on January 1st, by editor in Caring Times. No Comments

International property advisors Savills plc have announced a 71% increase in turnover which stood at £109.9 million for the six months ended October 31, 2000. Turnover for the same period in 1999 was £64.1 million. Group pre-tax profit was up 20% at £10.6 million (1999 ­ £8.8 million). Savills chairman Richard Jewson said the results reflected the growth and international development of the group with strong contributions from Asian-Pacific business and mainland Europe. “The group continues to trade strongly,” Mr Jewson said. “Nervous stock markets suggest that confidence may be tested in what seems likely to be an election year in the UK but we are confident that our strategy of building an international property services business through acquisition and partnership will deliver secure, long term returns for shareholders.”

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