United Business Media plc or UBM (UBM.L,UBMJF.PK) announced that its first-half IFRS Statutory profit after tax grew 11.3 percent to 62.1 million pounds from 55.8 million pounds last year.
Adjusted pre-tax profit rose 13.5 percent to 90.6 million pounds from 79.8 million pounds last year.
Earnings per share increased 10.7 percent to 22.7 pence from last year's 20.5 pence, while adjusted earnings per share grew 13.9 percent to 28.6 pence from 25.1pence a year ago.
Revenues rose 7.3 percent to 508.7 million pounds from 474.0 million pounds last year. Underlying revenue growth was 6.8 percent. Emerging Markets revenues up 20.9% to £93.1 million, representing 18.3% of total.
Further, the media holding company said its Board has declared interim dividend of 6.7 pence per share.The interim dividend on ordinary shares will be paid on 11 October to Shareholders on record on 24 August 2012.
The company stated that it has decided to explore strategic options reviewing strategic options for the Data Services businesses in the context of growing investment opportunities across the group.
Click here to receive FREE breaking news email alerts for UBM plc and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com