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BRIEF-Euromoney Institutional Investor says FY ‍overall trading has continued in line with board's expectations
September 28, 2017 / 6:16 AM / 2 months ago

BRIEF-Euromoney Institutional Investor says FY ‍overall trading has continued in line with board's expectations

Sept 28 (Reuters) - EUROMONEY INSTITUTIONAL INVESTOR PLC :

* ‍OVERALL TRADING HAS CONTINUED IN LINE WITH BOARD‘S EXPECTATIONS FOR FINANCIAL YEAR​

* REPORTED REVENUES FOR Q4 ARE EXPECTED TO SHOW A 3% INCREASE, LARGELY AS A RESULT OF ACQUISITION IN APRIL OF RISI

* ‍UNDERLYING REVENUES FOR QUARTER ARE EXPECTED TO HAVE DECLINED BY 2% FROM SAME PERIOD LAST YEAR​

* REPORTED TOTAL REVENUES FOR YEAR TO SEPTEMBER 30, 2017 ARE EXPECTED TO SHOW A 6% INCREASE ON LAST YEAR, AND AN UNDERLYING DECREASE OF 1%

* EXPECTS TO ANNOUNCE AN ADJUSTED PROFIT BEFORE TAX* OF NO LESS THAN £105 MILLION FOR YEAR TO SEPTEMBER 30, 2017​

* GROUP NET DEBT AT SEPTEMBER 30 IS EXPECTED TO BE NO MORE THAN £160 MILLION, AGAINST £173.1 MILLION AT JUNE 30 Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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