Edition:
United Kingdom

Equiniti's 2018 Pretax Profit Dips To 24.6 Mln Stg From 25.3 Mln Stg


Tuesday, 12 Mar 2019 

March 12 (Reuters) - Equiniti Group Plc ::FY REVENUE 530.9 MILLION STG VERSUS 406.3 MILLION STG.FY PROFIT BEFORE INCOME TAX 24.6 MILLION STG VERSUS 25.3 MILLION STG.FY UNDERLYING EBITDA 122.3 MILLION STG VERSUS 98.2 MILLION STG.FINAL SEPARATION FROM WELLS FARGO NOW EXPECTED TO COMPLETE BY JUNE 2019 FOR TOTAL PROGRAMME COST OF NO MORE THAN 45 MLN STG.RECOMMENDED FINAL DIVIDEND OF 3.49 PENCE PER SHARE, GIVING A TOTAL DIVIDEND FOR YEAR OF 5.32 PENCE PER SHARE.MEDIUM TERM GUIDANCE REMAINS UNCHANGED.SAYS "WHILST WE EXPECT UNCERTAINTY IN OPERATING ENVIRONMENT TO CONTINUE, OUTLOOK FOR EQUINITI REMAINS STRONG".EXPECT FURTHER ORGANIC GROWTH IN UK.