12th May 2016 07:43
LONDON (Alliance News) - Wilmington PLC on Thursday said trading in the first nine months was in line with its expectations, with revenue growing 9.0% year-on-year.
Wilmington - which provides information, education and networking services to various financial and legal industries - said its finance division delivered good organic growth in the nine months to the end of March, with this complemented by good contributions from acquisitions.
The Risk & Compliance unit also continued to grow, with good compliance training revenue growth balancing out a reduction in one-off orders won the prior year.
This growth has been offset to an extent by continued declines from Wilmington's Legal arm and from its Insight business, though the latter is recovering after a mixed start to the financial year.
Wilmington added that operating profit for the first nine months has grown year-on-year, but operating margins were slightly lower due to investments made in the compliance training arm and squeezed margins in the Legal business.
Wilmington shares were down 2.1% to 248.75 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Wilmington