Intu Properties PLC: key financial figures 2018-2019
Intu was the largest shopping center operator in the United Kingdom, before filing for administration in the first half of 2020.
In 2019, Intu Properties PLC registered a decreased of nearly 40 million British pounds in revenue, compared to a year earlier. In addition, at the end of that year, the shopping mall operator registered a loss of 2.02 billion pounds and debts of over four billion pounds. Such figures are coined mainly to the challenges in the shopping center sector namely the closure of stores due to the rapid growth of e-commerce and changing consumer patterns.