Informa Plc. (INF.L,INFMF.PK) Wednesday reported a loss for the first half of the year, amid a decline in revenue.
Loss attributable to equityholders of the patent was 41.9 million pounds compared to a profit of 55.5 million pounds last year. Loss per share was 7.0 pence in comparison with earnings per share of 9.2 pence.
The latest results included an impairment charge of 80.0 million pounds and a loss on disposal of 25.6 million. Adjusted earnings per share advanced 3.4 percent to 18.3 pence.
The company reported a loss before tax of 27.4 million pounds compared to a pre-tax profit of 66.5 million pounds last year.
Revenue declined to 619.6 million pounds from 634.8 million pounds.
The Board recommended a first interim dividend of 6.0 pence, up from 5.0 pence last year.
Peter Rigby, Chief Executive, said, ''We are encouraged by the product launches coming in the second half of the year as well as our recent Canadian acquisition. We are making good progress on a number of growth initiatives including geographic expansion, across Informa which gives the Board confidence in meeting its expectations for the full year and the Group's future prospects."
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by RTT Staff Writer
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