Finance

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

By 2021-03-05T08:24:00

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.

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