RELX 1st Half Net Profit Hit by Pandemic; Warns on Events Uncertainty
23 Luglio 2020 - 8:53AM
Dow Jones News
By Adria Calatayud
RELX PLC said Thursday that net profit for the first half fell
30% as the coronavirus pandemic hit revenue, and that the full-year
outlook for its events division is highly uncertain.
The FTSE 100 information and analytics group made a net profit
of 548 million pounds ($697.8 million) for the half year compared
with GBP779 million for the year-earlier period.
Adjusted operating profit fell 24% to GBP939 million, the
company said.
RELX, the company behind medical journal the Lancet and the
London Book Fair, said revenue declined to GBP3.50 billion in the
first half from GBP3.89 billion the year before, dragged by its
events division. The company didn't provide underlying figures due
to the extent of event postponements and cancellations.
The board maintained its interim dividend unchanged at 13.6
pence a share, but said it doesn't intend to resume a share buyback
program it suspended earlier this year.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
July 23, 2020 02:38 ET (06:38 GMT)
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