Euromoney Institutional Investor plc reported unaudited consolidated earnings results for the six months ended March 31, 2016. For the period, the company reported total revenues of £194,198,000 against £197,688,000 a year ago. Operating profit was £26,040,000 against £90,303,000 a year ago. Profit before tax was £23,357,000 against £93,311,000 a year ago. Profit attributable to equity holders of the parent of £17,002,000 or 13.44 pence per diluted share compared to £80,200,000 or 63.43 pence per diluted share for the same period a year ago. Adjusted diluted earnings a share was 29.86 pence against 34.09 pence a year ago. Net cash generated from operating activities was £46,865,000 against £48,541,000 a year ago. Purchase of property, plant and equipment was £1,451,000 against £5,943,000 a year ago. Purchase of intangible assets was £1,417,000 against £1,148,000 a year ago. Net cash as at March 31, 2016 was £55,881,000 million compared with net debt of £10,617,000 a year ago. Adjusted operating profit was £46.8 million against £50.5 million a year ago. Adjusted profit before tax was £46.9 million against £53.4 million a year ago. The adjusted profit before tax is higher than the statutory profit before tax due to adjustments for an exceptional impairment charge of £12.9 million relating to Mining Indaba and acquired intangible amortization of £7.9 million.

The company forecasts adjusted effective tax rate for 2016 full year of 18% against 18% in the previous year.