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GlobalData Earnings Rise; Says On Track To Report Annual Results In Line With Expectations

GlobalData Plc (DATA.L), a data analytics and consulting company, Wednesday reported profit before tax from continuing operations of 26.9 million pounds for the first half, 13 percent higher than 23.9 million pounds in the comparable period last year.

Excluding one-time items, adjusted profit before tax rose to 40.3 million pounds from 36.6 million pounds in the previous year.

Operating profit increased 2 percent to 37.8 million pounds from 36.9 million pounds a year ago.

Net profit rose to 20.1 million pounds or 2.5p per share from 17.8 million ponds or 2.2p per share last year.

Adjusted profit was 30.7 million pounds or 3.8p per share, up from 27.9 million pounds or 3.4p per share a year ago.

Revenue for the period grew 3 percent to 139.6 million pounds from 135.9 million pounds in the previous year.

Underlying revenue, excluding currency movements, increased 5 percent year-on-year to 142.3 million pounds.

The company has declared an interim dividend of 1.5p per share, up 7 percent, to be paid on October 4, to shareholders of record on September 6.

Looking ahead, the company said it is on track to deliver results in line with its expectations for fiscal 2024.

by RTTNews Staff Writer

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