November 20, 2018 / 7:43 AM / 22 days ago

Aveva's first-half profit rises 54 percent, confident on outlook

LONDON (Reuters) - Aveva Group (AVV.L), the British industrial software company that tied up with a unit of France’s Schneider Electric (SCHN.PA), reported a 54 percent rise in first-half profit on a pro-forma basis and said it was confident about its outlook.

The company reported adjusted pretax profit of 60.5 million pounds on revenue for the combined group of 343 million pounds, up 11 percent, for the six months to end-Sept, helped by a generally positive trend in its end-markets.

($1 = 0.7790 pounds)

Reporting by Paul Sandle; editing by Kate Holton

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