Americas give Regus a profit boost
Office space provider Regus reported a sharp increase in half year profit helped by a robust performance at its business in the Americas.
Office space provider Regus reported a sharp increase in half year profit helped by a robust performance at its business in the Americas.
For the six months ended 30 June 2012 group revenue grew 7.6% to £608.6m while mature like-for-like revenue increased 2.6%. Profit before tax surged to £32.2m during the period from £13.8m the same time a year earlier.
Revenue from the firm's mature business within the Americas increased 6% to £242.7m following higher occupancy rates.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Mark Dixon, Chief Executive said: "Our mature business saw strong demand across all geographies and customer types, with profitability more than doubling on the back of improvements in occupancy and yield management. We continue to invest to satisfy this growth in demand, adding another 76 centres in the period."
"Overall, our business continues to perform well and in line with our expectations," it added.
The interim dividend has been increased 11% to 1p.
CJ
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Two thirds of easy access savings accounts come with restrictions – can you access your savings in an emergency?
Out of the top 30 easy access savings on the market, 22 come with some sort of restriction on how fast you can access your money, according to new research.
-
Most popular London boroughs: Full list of in-demand places to move to
A deluge of people move to or within Britain’s capital each year – but which area is the most popular? We look at the most in-demand London boroughs in 2025.