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GlobalData H1 Profit Down, But Revenue Rises

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

GlobalData PLC (DATA.L) Tuesday reported profit before tax from continuing operations of 24.7 million pounds for the first half, lower than 26.9 million pounds in the same period a year ago.

Excluding one-time items, adjusted profit before tax was 43.7 million pounds, 8% up from 40.3 million pounds in the prior year.

Operating profit declined 25% to 28.5 million pounds from 37.8 million pounds last year.

Net profit decreased to 5.8 million pounds or 0.8p per share from 20.1 million pounds or 2.5p per share last year.

Adjusted profit declined to 31 million pounds or 3p per share from 32 million pounds or 3.8p per share a year ago.

Revenue for the period, however, grew 12% to 156.5 million pounds from 139.6 million pounds in the prior year.

The company's Board has declared an interim dividend of 0.3p per share, to be paid on October 3 to shareholders of record on September 5.

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