PSG Solutions reported a first-half profit before tax of £0.35m, down from the previous £1.29m. Revenue fell to £4.8m £6.2m.
The group provides residential property searches, Home Information Packs and Energy Performance Certificates to the property market.
It said the fall in profits followed continual regulatory changes associated with the introduction of HIPs, causing severe pressure on margins.
There had also been a fall in the volume of residential property sales of up to 75%.
Story provided by Business Financial Newswire
© 2012 IBTimes Company. All Rights Reserved.
Partners 
EMAIL
PRINT
RSS
SHARE
