Half year profit at GCP Student Living collapses as pandemic hits income

Students

Profit at GCP Student Living has plummeted almost 90% in the six months to the end of December as Covid-19 lockdowns and a slowdown in valuation growth hit the group.

Pre-tax profit for the period fell to £5.8m from £47.8m for the same period in 2019, while revenue dropped from £24.6m to £16.9m.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue