Servcorp: Interim result 2014

This serviced office provider has missed its ambitious target for occupancy, but produced a respectable result in any case.

Servcorp has reported a 20% rise in half-year net profit to $11.8m, on revenue that rose 15% to $119m. Earnings per share increased 20% to 12 cents and an unfranked 9 cent interim dividend will be paid (ex date 27 Feb), up from 7.5 cents. The company expects to pay a fully franked full-year dividend of 9 cents.

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