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Annual Results

Regus improves FY pretax profit

01 March 2016 07:45

Regus has improved its FY pretax profit to GBP145.7m, from GBP87.1m. Revenue was GBP1.93bn, from GBP1.68bn. Dividend was hiked 13% to 4.5p, from 4p.

CEO Mark Dixon said:

"We remain confident in our business model and the long-term structural drivers of our industry. We will continue to invest to increase our levels of customer service, make our business relevant to a wider market, drive greater operational efficiency and deliver long-term shareholder value.

"We will continue to adhere to our strict financial criteria in executing our growth plans and remain suitably vigilant given the current global macroeconomic uncertainty, with flexibility in both our expansion plans and our cost base.

"Current trading is in line with management's expectations and we remain confident in our prospects for 2016."

Story provided by StockMarketWire.com

Related Company: RGU

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