Euromoney announces record operating profit

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Thursday 18 May 2006

Euromoney Institutional Investor PLC, DMGT's international publishing, events and electronic information group, reports an increase in operating profit to £17.6 million for the six months to March 31 2006, a record, against £15.0 million for the previous year.

Diluted earnings a share were 10.8p, against 10.5p in 2005, and the board has approved an interim dividend of 5.4p, against 5.2p, to be paid to shareholders on June 23 2006.

Revenue in the first half exceeded £100m for the first time and strong organic growth helped drive record first half results. Encouragingly, all divisions increased operating profits, and subscription revenues from the group's print and electronic products increased at their highest rate for some time.

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