StockMarketWire.com - Euromoney said annual results were 'slightly' above its expectations as good momentum in Its pricing, data and market intelligence products was offset by weakness in asset management. For the year ended 30 September, adjusted pre-tax operating profit rose 5% to £104.6m and revenue increased by 3% to £401.7m. That compared with previous guidance for pre-tax adjusted profit and revenue of £104m and £401m respectively. Statutory pre-tax profit fell 75% to £29.5m against a tough comparative last year, which included a one-off gain from the sale of Dealogic. A final dividend of 22.3p a share was recommended, taking the total dividend for the year to 33.1 pence per share, a 2% increase on the 32.5p last year. Looking ahead, the company said it expected weakness in its asset Management segment to continue into 2020 but 'good' growth in the pricing segment.

At 8:19am: [LON:ERM] Euromoney Institutional Investor PLC share price was +12p at 1324p



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