The FTSE 250-listed real estate advisor said it is unclear how quickly trading will return to pre-pandemic levels but low interest rates are favourable for the sector.
In the six months to June 30, revenue slipped 7% to £55mln but profit before tax slumped 69% to £7mln due to higher costs amid closures.
Net cash at period-end was £9mln, improved from last year’s net debt of £139mln.
Shares were flat at 769.5p in early trades on Thursday.
Published at Thu, 06 Aug 2020 07:21:00 +0000-Savills sees cautious on signs after half-year profit plunge