Regus Share Price Rises 20% on Great Financials

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Britain‘s largest serviced office operator Regus Plc has announced its annual results for the year ended 31 December 2008 which saw an overall increase in year revenue from ~0.86 billion in 2007 up to ~1.07 billion.  Regus’ Profits before taxation increased from ~119.4 million in the previous year to ~149.2 million for 2008.

 

Exciting results for the UK’s leading provider of flexible office space solutions, with shares up at ~113.9 million or 11.8 pence per share compared to ~103.1 million or 10.4 pence per share a year ago. Shareholders will receive 1.2 pence per share for the year to be paid on 1st May.

 

Despite the impressive results CEO Mark Dixon has expressed concerns over the trend for increased home working in 2009, see also Regus Announces Profit Increase for 2008 but Predicts Home Worker Increase for 2009

 

1 thought on “Regus Share Price Rises 20% on Great Financials”

  1. I still think this is a good long term investment, I bought at 96p but fully expect them to keep on rising now. As for banking shares…..:(

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