Empiric Student cost-cutting drive boosts earnings

Empiric emily davies halls of residence

Empiric Student Properties has reported strong growth in earnings thanks to rental growth, higher occupancy and a cost-cutting drive.

The company, which parted company with its former chief executive Paul Hadaway in 2017 after identifying “a number of financial and operational inefficiencies”, reported 72% growth in adjusted earnings per share in full-year results.

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