PraxisIFM Group has seen its revenue growth dip by two percent in its latest results but saw a slight uptick in its profit margins across its private wealth and corporate services, areas which represented 72 percent of the group’s turnover.
Against the backdrop of disruption caused by the global pandemic and the uncertainty created by both Brexit and the US elections, Praxis has seen its EBITDA significantly improving (£3.4m versus -£2m) and improved net and gross cash flows.
Robert Fearis, CEO of PraxisIFM, commented: “Looking back over the past financial year, COVID-19 was a challenge faced by all, and navigatin...