24th Jul 2024 12:17
Wilmington PLC - London-based provider of information and training for governance and risk & compliance - Expects to report revenue of GBP126.0 million in the financial year that ended June 30, up 2.0% from GBP123.5 million in financial 2023. Organic revenue growth is 9%. Adjusted pretax profit is expected to be GBP27.6 million, up 13% from GBP24.3 million, and slightly better than market consensus of GBP27.3 million.
"We have seen another year of strong organic revenue and profit growth with revenues up 9% and profits up some 13%, reflecting our focus on a slimmed-down, higher-quality portfolio of growing businesses around the world. Margins have also continued to improve strongly," says Chief Executive Mark Milner.
"With two disposals and one acquisition, we have continued to actively manage our portfolio of businesses and are pursuing various opportunities to invest our cash in acquisitions to improve our growth and profitability. We have also started to transfer our businesses onto our single operating platform, which will enable us to continue to improve our performance."
Has net cash of GBP67.8 million on June 30, up from GBP42.2 million a year before.
Wilmington will release its full annual results on September 16.
Current stock price: 399.00 pence, up 6.1% in London on Wednesday
12-month change: up 55%
By Sophie Rose, Alliance News senior reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.