26th Jul 2018 08:42
LONDON (Alliance News) - RELX PLC on Thursday reported a flat performance in the first half of its current financial year, but said it is confident in delivering a year of earnings growth.
The analytics company said the six months to June 30 saw revenue down 1.4% to GBP3.65 billion, from GBP3.70 billion the year before, while adjusted profit before tax remained broadly flat at GBP1.05 billion.
The FTSE 100-listed Anglo-Dutch company said its results were hit by a revenue decline in print division, which offset good growth in electronic and face-to-face revenue.
RELX declared an interim dividend increase of 6.0% to 12.40 pence from 11.70p paid for the same period a year earlier.
The company said as it enters the second half of 2018, it is confident in delivering another year of underlying revenue, profit, and earnings growth.
"Our number one priority remains the organic development of increasingly sophisticated information-based analytics and decision tools that deliver enhanced value to our customers," added Chief Executive Erik Engstrom.
Shares in RELX were up 2.9% at 1,727.00p early on Thursday.
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