RWS Holdings Plc (RWS.L), a provider of technology-enabled language, content and intellectual property services, reported Thursday that its first-half profit before tax declined 13 percent to 28.7 million pounds from last year's 32.9 million pounds.
Basic earnings per share were 5.4 pence, down 11 percent from 6.1 pence last year.
Adjusted profit before tax was 54.4 million pounds, compared to 60.7 million pounds a year ago. Adjusted basic earnings per share were 10.6 pence, compared to 11.9 pence last year.
Revenue, however, grew 2.5 percent to 366.3 million pounds from prior year's 357.3 million pounds. On an organic constant currency basis, revenues fell 6.8 percent.
Further, the company proposed an interim dividend of 2.40 pence per share, an increase of 7 percent from the prior year. The dividend will be paid on July 21 to shareholders on the register at June 23.
RWS also announced its intention to launch a share repurchase programme of up to 50 million pounds to be completed before its Annual General Meeting in February 2024.
Looking ahead, the company continues to expect a second-half weighting to its performance and the full year outlook is expected to be in line with latest guidance and current market expectations.
According to the firm, the latest Group-compiled view of analysts' expectations for fiscal 2023 gives a range of 741.6 million pounds to 751.2 million pounds for revenue, with a consensus of 747.1 million pounds, and a range of 23.3 pence to 25.1 pence for adjusted earnings per share, with a consensus of 24.7 pence.
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