Regus Says Profit Fell on European Demand, Raises Dividend
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Regus Plc, the world’s largest operator of serviced offices, reported a 98 percent decline in full-year profit as small businesses in Europe reduced their demand for space and an expansion program lifted expenses. The shares gained after Regus increased its dividend.
Net income fell to 1.5 million pounds ($2 million) from 67 million pounds a year earlier, the Luxembourg-based company said today in a statement. Regus raised the annual dividend by 8 percent to 2.6 pence a share after the profit margin at its older business centers widened.