14 January 2000

Savills profits up 69%

INTERIM results for the Savills group show a pre-tax profit for the six months ended 31 Oct 1999 of £8.8m, a 69% rise on the previous year.

Turnover was up 72% at £64.1m and the board has announced an interim dividend of 3p, which will be paid to shareholders in February.

"This continues our progressive dividend policy and is also intended to provide a better balance between interim and final payments," said chairman, Richard Jewson.

He reported strong performance across all divisions. But, despite continuing demand for the groups services, he predicted it would be hard to maintain the recent rate of growth. &#42