REAL estate services firm DTZ, which has a major operation in the North-east, has revealed a £600,000 loss.
But the group stayed defiantly optimistic, and underlined a strong second half performance, with profit before tax and exceptional items of £5.4 million.
Varying trading conditions across the Group’s operations resulted in reduced revenue of £341.3 million (2010 was £356.0 million)
Continued strong performance from the market-leading Asia Pacific business saw revenue up 8.0 per cent to £106.3 million but in the UK, lower levels of activity and decision to maintain investment led to a decline in revenue to £128.3 million.
But the UK business maintained its top five market position.