Regus
has reported strong growth in revenues and profits as the flexible workplace
specialist eyes making £230m of investments this year, equivalent to 600 new
locations globally.
In
interim results for the first six months of the year, the company posted a
16.4% rise in revenues to £937m and a 63% jump in operating profits to £65m.
During
the period, Regus invested £120m adding 231 new locations to the network
bringing the total to 2,481 in 106 countries.
In the
UK, the business performed well with revenue increasing 15% to £216.3m and
profit before tax rising 47% to £42.2m.
“Regus
delivered an excellent first half performance, giving us further confidence for
the future,” said Regus chief executive Mark Dixon. “Our investments are
delivering attractive returns, with returns on past investments improving and
remaining well above our cost of capital and newer investments trading in line
with our expectations.”
The
strong performance enabled Regus to increase its dividend by 12% to 1.4p a
share.
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