Informa plc (INF.L, INFMF.PK) posted 2011 pre-tax profit of 88.6 million pounds versus 125.0 million pounds a year earlier. Earnings per share were down to 12.5 pence from last year's 16.5 pence.
Adjusted profit before tax was 295.9 million pounds, higher than 276.4 million pounds a year ago. Adjusted earnings per share increased 8.6% to 37.8 pence from 34.8 pence a year ago.
Revenue for the year ended 31 December 2011 grew 4.0% to 1.28 billion pounds. On an organic basis, revenue increased by 2.5%.
In 2011, Informa saw the robust academic division grow ahead of its initial expectations following a strong end to the year, including a large content deal in Russia. Events and Training, which encompasses a wide range of products from large exhibitions to small training courses is growing organically and has benefited from some successful acquisitions in 2011.
The Board has proposed a second interim dividend of 11.8 pence per share, up from 9.5 pence per share paid last year. This dividend will be paid on 21 May 2012 to ordinary shareholders registered as of the close of business on 27 April 2012.
Peter Rigby, Chief Executive, said,
"Informa has delivered another set of strong results, in line with the expectations we set at the beginning of 2011 despite the challenging macro economic backdrop. These results further underline the Group's resilient and high quality earnings streams.
This performance has been achieved through our clear strategy of focusing on growth in the Group's subscription income, improving product reach and quality through digital delivery, increasing the number of higher quality, resilient and larger scale events and driving growth through geo-cloning and expanding in emerging markets..."
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by RTT Staff Writer
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