Euromoney Institutional Investor plc reported unaudited consolidated earnings results for the six months ended March 31, 2017. For the period, the company reported total revenues of £203,219,000 against £197,688,000 a year ago. Operating profit was £15,601,000 against £26,040,000 a year ago. Profit before tax was £15,594,000 against £23,357,000 a year ago. Profit attributable to equity holders of the parent of £13,369,000 or 11.35 pence per diluted share compared to £17,002,000 or 13.44 pence per diluted share for the same period a year ago. Adjusted diluted earnings a share was 32.72 pence against 29.86 pence a year ago. Net cash generated from operating activities was £54,251,000 against £46,865,000 a year ago. Purchase of property, plant and equipment was £8,338,000 against £1,451,000 a year ago. Purchase of intangible assets was £912,000 against £1,417,000 a year ago. Net debt was £83,642,000. Adjusted operating profit was £49.0 million against £46.8 million a year ago. Adjusted profit before tax was £49.1 million against £46.9 million a year ago.

The company forecasts adjusted effective tax rate for 2017 full year of 20% against 16% in the previous year.
It is anticipated that the interim dividend of 8.80 pence against 2016 of 7.00 pence per share will be paid on June 22, 2017 to shareholders on the register on May 26 2017. It is expected that the shares will be marked ex-dividend on May 25 2017.