Archive - Wednesday, 7 April 2004


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Turnover and profits rise

INTERNATIONAL property adviser Savills has announced increased profits for the year ended December 31, 2003.

Pre-tax profit rose from £20.4 m in 2002 to £35.3m and turnover was up seven per cent to £301.7m (2002: £282.3m).

Basic earnings per share increased to 39.2p from 15.1p in 2002.

Richard Jewson, chairman of Savills Plc, said: "This has been an outstanding year in the life of the company and I am delighted to report an excellent set of results following a strong performance from all our operating businesses.

"This was achieved despite a difficult start to the year, plagued by the war in Iraq, which affected international financial markets," Mr Jewson said.

"This is testament to the work and commitment of our dedicated staff."