Informa Turns To Profit In H1

(RTTNews) - Publishing firm Informa plc (INF.L, INFMF.PK), on a continuing operations basis, announced first-half statutory pre-tax profit of 76.3 million pounds, versus a 19.4 million pounds loss last year, with adjusted pre-tax profit rising 5.6% year-on-year to 148.2 million pounds, from 140.4 million pounds.

Adjusted profit for the period from continuing operations increased 5.5% to 114.3 million pounds, from 108.3 million pounds.

On a per share basis, six-month statutory earnings from continuing operations amounted to 9.9 pence, as against a loss of 5.8 pence a year ago, due mainly to 80.0 million pounds impairment charge and loss on disposal of 25.6 million pounds in the 2012 first half. Adjusted per-share earnings were 18.9 pence in the period.

Revenue totaled 566.7 million pounds in the first half of 2013, versus 562.6 million pounds in the previous year.

Further, the board has recommended a first interim dividend of 6.4 pence, payable on September 12, 2013 to ordinary shareholders registered as of the close of business on August 16.