May 14, 2015 / 7:03 AM / 2 years ago

Publisher Euromoney's first-half profit beats own forecast

(Reuters) - Euromoney Institutional Investor Plc (ERM.L), the publisher of Euromoney magazine, reported first-half adjusted pretax profit above its forecast and said a strength in the dollar against the pound had a favourable impact on overseas profits.

The company said adjusted pretax profit was at 53.4 million pounds ($84.12 million) for the six months ended March 31 compared with 46 million pounds it estimated earlier. The profit was flat compared to last year.

Revenue rose 1 percent to 197.7 million pounds for the period.

Reporting by Aastha Agnihotri and Noor Zainab Hussain in Bengaluru; Editing by Gopakumar Warrier

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below