The Scotsman

Property firm boosts prof­its

- Business · Finance · Investing

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.

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