Regus’ latest interim statement has revealed a decline in revenue.
The global serviced office operator has suffered a decrease of 9.5% in revenue for the four months up to 31st October, compared to the same period in 2008. Regus revenues for the period were reported at ~332 million, a fall from the ~367 million that the leading provider of flexible office space solutions saw last year.
In August Regus posted its results for the six-month period ended June 30th, revealing a jump in net cash balance from ~211.2m to ~229.5m
During late September CEO Mark Dixon sold 10% of Regus Holdings. The Financial Times reported that the move was in a bid to add liquidity to the company’s share float, which was being constrained.
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Dixon Sells 10% of Regus Holdings
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