GVA posts strong profit rise as accounts confirm takeover talks

Gerry Hughes GVA London

GVA has posted a 20% rise in pre-tax profit off the back off a 4% rise in revenue, according to its latest accounts for 2017 filed at Companies House.

The property advisory group, which is currently in a “critical stage” of takeover talks with rival firms Cushman & Wakefield (C&W) and Avison Young, produced a pre-tax profit of £14.3m last year, compared to £11.9m in 2016. Revenue increased from £140.1m in 2016 to £146m last year. Operating profit increased by 16% to £14.5m, while the value of the firm’s net assets rose from £108.9m to £120m.

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