Regus profit up 7% in first half
9th August 2016
the serviced office group, has reported a 7% increase in pre-tax profit to
£84.3m in the six months to the end of June.
net profits would have remained flat if it were not for currency shifts, which
worked in favour of Regus during the period.
were up 10.3% to £1.1bn, but chief executive Mark Dixon, said the group was
taking action to make the business more efficient in the face of market
uncertainty following the Brexit vote.
group, which operates in 107 countries, will increase its interim dividend by
11% to 1.55p.
said: “As global macro-economic uncertainty has clearly increased during 2016
and we have seen softening in revenue growth in some markets on the back of
that, we have planned prudently for 2016 and taken specific action early in the
year to improve efficiencies across the business.”
confident in the long-term structural drivers of the industry and that Regus
will continue to strengthen its position through its resilient and cost
efficient operating model, strong cash generation and balance sheet.
focussed on delivering key projects and implementing our long-term strategy to
create shareholder value, whilst maintaining our disciplined and flexible
approach to investment. We remain confident of delivering a full year profit
performance in line with management’s expectations.”
If you are interested in serviced office space please contact Gryphon Property Partners on 0203 440 9800 or click on the following link - Office Space