StockMarketWire.com - Information and education services provider Wilmington said its organic revenue rose 2.5% in the first quarter, helping it achieve an improvement in adjusted pre-tax profit.

Wilmington said the rise in organic revenue, which was on a constant currency basis and excluded acquisitions and disposals, came in what is traditionally the quietest quarter for trading.

'Overall the business remains on track to deliver against the expectations communicated in our announcement on 19 September 2019,' the company said in a trading update for its annual general meeting.

'The timing of certain revenues might shift slightly more to the second half, as the recent decision by the UK government to defer its Autumn Budget until after the general election means that related revenues previously expected to be delivered by the professional division in November will now not be recognised until the second half of our financial year.'

'However the overall revenue and sales performance in the first quarter gives the board early encouragement that momentum across the group is continuing to develop as required to achieve full year revenue and profit expectations.'


At 8:00am: [LON:WIL] Wilmington Group PLC share price was -7p at 234p



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