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Falling dollar propels Servcorp into its fifth year of consecutive growth

Su-Lin Tan
Su-Lin TanReporter
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The weaker Australian dollar has given listed managed office provider Servcorp a boost in its performance when it posted a 17 per cent half-year increase in net profit after tax to $18.7 million.

Eighty per cent of the company's fees from its offices in 21 countries are denominated in foreign currencies.

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Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au

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    Original URL: https://www.afr.com/property/falling-dollar-propels-servcorp-into-its-fifth-year-of-consecutive-growth-20160223-gn1dpl