RWS Holdings Plc (RWS.L), a provider of technology-enabled language, content and intellectual property services, in its first-half trading update, said its reported revenues are estimated to be down by 4 percent, and that it expects lower adjusted profit before tax for the period. Organic constant currency revenues slid by 2 percent.
The Group's reported revenues are expected to be down by 4 percent to about 350 million pounds. The Group said, while it continues to see soft activity levels from certain market segments, two of its services divisions have returned to growth.
For the first half, the Group now expects adjusted profit before tax to be about 45 million pounds, compared to 54 million pounds in the same period last year. The company said the anticipated results reflect weaker performance in some parts of its higher margin businesses, an un-favorable mix of work in parts of Language Services, ongoing investments and year-on-year foreign exchange differences.
For comments and feedback: editorial@rttnews.com