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Savills reports 27 percent rise in first-half profit led by Asia

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Savills reports 27 percent rise in first-half profit led by Asia

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(Reuters) – International estate agency Savills <SVS.L> reported a 27 percent rise in first-half profit on strength from Asia and its real estate investment management arm, despite a post-Brexit decline in demand for new homes and office space in London. Underlying profit rose to 32.4 million pounds ($42.05 million) for the six months to June 30 from 25.5 million a year earlier. Revenue rose 15 percent to 714.4 million pounds.

(Reporting by Justin George Varghese in Bengaluru; editing by Jason Neely)
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