Connells profits rise from £50.2 million to £63.2 million

first_imgHome » News » Agencies & People » Connells profits rise from £50.2 million to £63.2 million previous nextAgencies & PeopleConnells profits rise from £50.2 million to £63.2 millionConnells Group sees profits soar due to its “diverse offering and robust business model.”PROPERTYdrum4th March 20150527 Views The Connells Group has announced pre-tax profits of £63.2 million compared to £50.2 million last year, thanks in part to the Group’s decision to sell its shareholding in Zoopla Property Group plc following the successful flotation of Zoopla on the London Stock Exchange in June 2014.The result represents a 26 per cent increase in pre-tax profits for the year and a combined 77 per cent rise over the last three years.“Today’s results see another outstanding year for the Connells Group. The housing market which started off strongly, cooled significantly in the second half however, due to our diverse offering and robust business model, we were able to get the best out of the market,” said Connells CEO David Livesey (left).“We are reaping the benefits of prolonged investment particularly in mortgage services, surveying and lettings,” he continued. “Demand for rental property has soared and to take advantage of this we have grown our operations through a combination of organic growth, cold start openings and acquisitions.”pre-tax profits profits soar Connells group March 4, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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