February 1, 2018 / 7:51 AM / 17 days ago

Acquisitions help boost Euromoney revenue

(Reuters) - Euromoney Institutional Investor (ERM.L), publisher of the Euromoney magazine, said quarterly revenue rose 6 percent, as recent acquisitions more than offset the negative impact from a stronger pound.

    Euromoney, which is 49.1 percent-owned by Daily Mail & General Trust Plc (DMGOa.L), said total revenue was 100.8 million pounds ($142.83 million) for the period from Oct. 1 to Dec. 31, compared with 95.2 million pounds in the same period last year. [nRSZ1468Va]

    Underlying revenue, which excludes the effect of currency movements and acquisitions and disposals, rose 3 percent. The group generates about two-thirds of its revenue and about 80 percent of its profit in US dollars.

    (This story refiles to remove extraneous words from dateline.)

    Reporting by Hanna Paul in Bengaluru

    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