ASX:SRVReal Estate
Servcorp (ASX:SRV) Shares Drift Despite 17.9% Margin Strength
Servcorp’s stock has drifted in recent weeks, yet the latest earnings landed with a very different message. The headline is margin power. Net profit margin sits at 17.9%, compared with 15.2% a year earlier, and trailing twelve month earnings from continuing operations are A$65.6m on revenue of about A$367m. For a flexible office and serviced workspace operator, that kind of profitability is the story investors will care about most. The share price came into this result after modest short term...