United Business Media plc or UBM (UBM.L, UBMJF.PK) said Friday that its profit before tax for the year 2012 rose to 127.3 million pounds from 85.2 million pounds, while adjusted profit before tax improved to 151.8 million pounds from 149.7 million pounds a year ago.
The group reported a loss for the year of 41.9 million pounds, including 179.6 million pounds in loss on sale of assets. This compares to a profit of 86.1 million pounds last year. On an adjusted basis, profit rose to 157.6 million pounds from 151.1 million pounds.
For the year, loss per share was 21.4 pence, compared to profit per share of 30.6 pence, while adjusted earnings per share increased to 59.1 pence from 56.8 pence a year ago.
Revenues for the year 2012 rose 2 percent to 797.8 million pounds, with organic revenue growth of 6.0 percent.
Events revenues rose to 437.6 million pounds from 391.9 million pounds, and PR Newswire revenues rose to 196.4 million pounds from 187.8 million pounds. Marketing Services - Online & Print combined revenues decreased to 163.8 million pounds from 202.6 million pounds.
The group said it is proposing a final dividend of 20.0 pence.
For comments and feedback: editorial@rttnews.com