Euromoney Institutional Investor plc Announces Interim Dividend for the Period Ended March 31, 2018, Payable on June 21, 2018; Reports Unaudited Consolidated Earnings Results for the Six Months Ended March 31, 2018; Provides Adjusted Effective Tax Rate Guidance for 2018
The company reported unaudited consolidated earnings results for the six months ended March 31, 2018. For the period, the company reported total revenues of £189,136,000 against £182,324,000 a year ago. Operating profit was £122,701,000 against £9,366,000 a year ago. Profit before tax was £121,058,000 against £9,321,000 a year ago. Profit attributable to equity holders of the parent of £109,547,000 or 98.78 pence per diluted share compared to £13,650,000 or 6.64 pence per diluted share for the same period a year ago. Adjusted diluted earnings a share was 38.4 pence against 32.7 pence a year ago. Net cash generated from operating activities was £49,087,000 against £54,251,000 a year ago. Purchase of property, plant and equipment was £946,000 against £8,338,000 a year ago. Purchase of intangible assets was £1,043,000 against £912,000 a year ago. Net debt was £36,965,000. Adjusted operating profit was £53.5 million against £49.0 million a year ago. Adjusted profit before tax was £52.0 million against £49.1 million a year ago. Adjusted EBITDA was £120,259,000 against £117,490,000 a year ago.
The company forecasts adjusted effective tax rate for 2018 full year of 20% against 19% in the previous year.