Plus   Neg

London Stock Exchange Group FY Adj. Operating Profit Rises; Revenue Up 3%

London Stock Exchange Group PLC (LSE.L) reported pretax profit of 685 million pounds
for the year ended 31 December 2020 compared to 651 million pounds, prior year. Earnings per share was 118.9 pence compared to 118.1 pence. Adjusted operating profit was up 5% to 1.12 billion pounds. Adjusted earnings per share was 207.3 pence compared to 198.0 pence.

Fiscal 2020 total revenue was up 3% to 2.12 billion pounds. Total income rose 6% (up 5% on a constant currency basis) to 2.44 billion pounds.

The Board proposed a final dividend of 51.7 pence per share, which together with the interim dividend of 23.3 pence per share paid to shareholders in September 2020, results in a 7% increase in the total dividend to 75.0 pence per share. The final dividend will be paid on 26 May 2021 to shareholders on the register as at 30 April 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pfizer has uncovered the counterfeit versions of its Covid-19 vaccine in Mexico and Poland, according to a Wall Street Journal report. The vaccine was developed in partnership with Germany's BioNTech SE. Though there have been several reports of counterfeit versions of the Covid-19 vaccine, this seems to be the first confirmed instance. American Airlines is planning to resume hiring pilots this year to meet a rebound in travel demand in the summer season, reports said citing a company memo. The airline is expected to add 300 pilots by the end of the year and double that in 2022. Verizon Communications Inc. (VZ) reported a profit for the first-quarter that increased 25.4 percent from last year, reflecting growth in wireless service revenue, wireless equipment revenue and total Fios Internet net additions. Quarterly operating revenues rose 4.0 percent from the prior year.
Follow RTT