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Savills reports strong H1 results amid slowdown in market

Savills plc is reporting a strong first half result showing pre-tax profit of 19.9m, up 15 per cent on 2004 results.

The property group’s interim results to June 30, 2005 show a turnover of 158.2m up 12.7 per cent on 2004 results.

Basic earnings per share for the period rose from 23.5p last year to 23.9, while adjusted basic earnings per share increased by 12.7 per cent to 23.9p, from 21.2p in 2004, after adjusting for the one-off impact of the IFRS credit realting to share based payments.

Savills plc chairman Peter Smith says: “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 Q2 especially in London.”


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