24th Feb 2016 09:13
LONDON (Alliance News) - Wilmington PLC Wednesday reiterated its outlook for its current financial year, as it reported a rise in pretax profit for its first half and upped its interim dividend.
Wilmington provides information, education and networking services to various financial and legal industries.
The company reported a pretax profit of GBP4.5 million for the half year to end-December, up from GBP3.7 million a year before, as revenue rose to GBP49.4 million from GBP46.1 million.
It said it had made a "solid start" to its financial year, seeing notably strong growth from its Finance division, although this was partly offset by continuing declines from parts of its Legal division, and a mixed start to the year from its Insight division.
The company proposed an interim dividend of 3.8 pence, up from 3.7 pence the previous year.
Wilmington said that as it moves into its second half it is "on target" to deliver another good set of results in line with its expectations for the full year.
"Overall, the new financial year has started solidly. We continue to see tighter regulatory control and more complex legislation implemented in many of our key markets which in turn continues to drive the demand for our products and services globally," said Chairman Mark Asplin in a statement.
Shares in Wilmington were untraded Wednesday morning. They last closed at 253.25 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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