StockMarketWire.com - Language and intellectual property support services provider RWS Holdings booked a 51% rise in first-half profit, driven by higher demand, favorable exchange rates and cost control.

Pre-tax profit for the six months through March rose to £27.6m, up from £18.3m on-year.

Revenue rose 23% to £172.3m and adjusted profit rose 24% to £35.6m.

RWS declared an interim dividend of 1.75p per share, up 17% on-year.

The company said its trading performance since the period end had been in line with market expectations, which were upgraded during a trading update in April.

'RWS has delivered a strong first half with record revenues and profits, driven by our three largest divisions,' chairman Andrew Brode said.

'We are particularly pleased with the improved performance at RWS Moravia, which has achieved both healthy top- line growth and strong margins through focused operational management.'

'Following a strong first half and encouraging performances at the start of the second half, we are confident of achieving another record year.'




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