RELX 1st Half Pretax Profit Rises 22%; Backs Fiscal Year Guidance
July 28 2016 - 03:21AM
Dow Jones News
By Ian Walker
LONDON--RELX PLC (REL.LN) Thursday reported a 22% rise in
first-half pretax profit and backed its full-year guidance.
The Anglo-Dutch information and analytics company said it has
bought 500 million pounds ($659.5 million) of its shares in the
first half, and plans to buy back a further GBP200 million during
the rest of the year.
It also said the company expects to deliver another year of
underlying revenue, profit, and earnings growth in 2016, as
previously guided. Underlying figures are based on constant
currencies and one-off items.
For the half year ended June 30, RELX made a pretax profit of
GBP733 million, compared with GBP601 million a year earlier, on
revenue 9.8% higher at GBP3.26 billion. Underlying pretax profit
rose to GBP920 million, from GBP834 million for the half year ended
June 30, 2015.
The board has declared an interim dividend of 10.25 pence per
PLC share, up from 7.4 pence, and EUR0.122 per NV share, up from
EUR0.115
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
July 28, 2016 03:06 ET (07:06 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
RELX (EU:REN)
Historical Stock Chart
From Feb 2024 to Mar 2024
RELX (EU:REN)
Historical Stock Chart
From Mar 2023 to Mar 2024