Property firm boosts profits

Property company Belvoir said it was unfazed by Covid-19 as its results were in line with what management had expected before the pandemic struck.

The residential lettings agency reinstated its dividend after pre-tax profit rose 17 per cent to £3.2 million in the first half on revenue of £9.8m, up 8 per cent. It said the impact of C ovid -19 had been “substantially mitigated” by cost-cutting and government support.