RELX 1st Half Net Profit Rose 15% Despite Organic Revenue Slowdown
By Adria Calatayud
RELX PLC (REL.LN) said Thursday that first-half net profit rose
15% despite a slowdown in organic revenue growth, and backed its
guidance for the full year.
The information and analytics company made a net profit of 779
million pounds ($971.3 million) for the first six months of 2019
compared with GBP678 million in the year-earlier period.
The company behind medical journal the Lancet and the London
Book Fair said revenue rose to GBP3.89 billion from GBP3.65
billion. On an underlying basis, first-half revenue was up 3%, RELX
said. For 2018 as a whole, RELX's underlying revenue grew 4%.
Adjusted operating profit rose to GBP1.24 billion in the first
half from GBP1.15 billion a year earlier, the company said.
Adjusted earnings per share grew 8% at constant currency to 45.9
The board declared an interim dividend of 13.6 pence a share, up
from 12.4 pence a share a year earlier.
RELX said it continues to expect 2019 to be another year of
underlying growth in revenue and in adjusted operating profit,
together with growth in adjusted earnings per share on a constant
currency basis. Key business trends are in line with last year, the
Write to Adria Calatayud at
(END) Dow Jones Newswires
July 25, 2019 02:35 ET (06:35 GMT)
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