High-end land and estate agency Savills announced a 35% increase in annualpre-tax profits yesterday.
The global estate services provider, which has offices in Perth and Brechin, saw pre-tax profits surge 35% to £70.1 million for the year ending December 31.
Revenue for the year hit a record £904.8m, up from £806.4m the year before.
Underlying profits rose by 28%. Basic earnings per share rose 27% to 43.1p. The company’s pre-tax profit margin rose from 7.3% in 2012 to 8.3% last year.
Savills has offered a total dividend for the year of 19p per share, up from 16p a year earlier.
Group chief executive Jeremy Helsby said: “I am delighted to report a strong set of results with revenues up 12% to a record high of £904.8m and underlying profits up 28%.
“These results demonstrate the strength of our position in the prime residential and commercial markets of the world’s key cities and the benefit of the investment that we have made across the business to expand our service lines.”
The company merged its two principal businesses in the UK last year and underlying UK profit rose by 26% from £31.8m in 2012 to £47.2m last year.
“In the UK, we expect continuing demand for London property and recovery in the regional markets, although availability of commercial stock, in particular, is increasingly a challenge,” said Mr Helsby.