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March 22, 2010
Savills Sees a 24% Fall Of Pre Tax Profits
The current turbulent conditions that exist in the global commercial property markets have taken a toll on Savills’s shares, with a 24% fall in full-year pretax profit to £25.2m from £33.2m a year earlier.
According to Savills’ publication of results for the year to end December 2009, shares declined 1.85% or 6.80p to 361.30p
Savills said that net income was £8.9m, or 6.9p a share, compared with a loss of £11.3m, or 9.3p, a year earlier.