Strong sales reported byWooler real estate agent

Savills plc, the real estate advisor, has announced growth in both revenue and underlying profits in 2018.

By The Newsroom
Wednesday, 27 March, 2019, 08:39
Brought to you by the Berwick Advertiser team.

The group’s revenue improved by 10% to £1.76bn (2017: £1.6bn) and underlying profit for the year increased by 2% to £143.7m (2017: £140.5m). The group’s statutory profit before tax decreased by 3% to £109.4m (2017: £112.4m).

James Boulton, head of office at Savills in Corbridge and Wooler, said: “Our rural teams have once again performed extremely strongly and we have won a number of important instructions which we will be looking to build upon in Northumberland and the Borders this year.”

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Mark Ridley, group chief executive, added: “Savills delivered both revenue and underlying profit growth in 2018, driven by a robust second half of the year.

“We have made a solid start to 2019; however, the year ahead is overshadowed by macro-economic and political uncertainties across the world. It is difficult accurately to predict the impact of these issues on... real estate.”