Savills plc, the international property adviser, today announces interim results for the six months ended 30 June 2006.
- Group revenue for the six months was up 33% at £211.1m (2005 – £158.2m).
- Group profit before tax increased 56% to £31.0m (2005 – £19.9m).
- Underlying Group profit before tax* increased 27% to £25.6m (2005 – £20.2m).
- Basic earnings per share increased 45% to 17.2p (2005 – 11.9p).
- Adjusted underlying basic earnings per share* increased 15% to 13.9p (2005 – 12.1p).
- Interim dividend increased 25% to 5.0p (2005 – 4.0p).
* After adjusting for share based payments, amortisation of intangibles and impairment of goodwill and profit on disposals.
Peter Smith, Chairman of Savills plc, comments:
‘We believe that recent volatility in stock markets continues to highlight the value of property as an asset class. Despite rising global interest rates, the general economic outlook remains positive which should provide general support for property markets. On this basis we are confident of achieving a good result for the full year in line with our expectations.’