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Publisher Euromoney's first-half profit beats own forecast
May 14, 2015 / 7:03 AM / 3 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

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