25th Sep 2013 06:24
LONDON (Alliance News) - Daily Mail & General Trust Plc (DMGT.L), a UK-based multi-media and information company, reported Wednesday that its revenues for the 11 months to end of August declined 8 percent from last year. On an underlying basis, revenues increased 2 percent.
Looking ahead, the company noted that its full- year guidance remains unchanged as confirmed at the recent B2B Investor Briefing. The company expects adjusted results to be in line with market expectations.
In its statement, ahead of the year end on September 30, the company said that revenues from Business to Business or B2B operations, including Euromoney, increased 6 percent, and Risk Management Solutions or RMS revenues grew 7 percent on continued growth driven by its core business in catastrophic risk modelling.
During the period, dmg information revenues climbed 15 percent with good performance across all sectors, while revenues from dmg events dropped 2 percent and dmg media fell 6 percent.
On an underlying basis, dmg information and dmg events generated 11 percent growth in each, while dmg media dropped 2 percent.
Copyright RTT News/dpa-AFX
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