RELX 1st Half Net Profit, Revenue Rose Amid Strategy Shift
28 July 2022 - 5:07PM
Dow Jones News
By Kyle Morris
RELX PLC said Thursday that first-half net profit and revenue
rose due to its strategy of focusing on the organic development of
its analytics and decision tools.
The LexisNexis owner said net profit for the first six months of
the year was 761 million pounds ($925.1 million) compared with
GBP664 million for the same period last year.
The FTSE 100 information and analytics group said adjusted
operating profit for the half year was GBP1.24 billion compared
with GBP1.02 billion.
First-half revenue was GBP3.97 billion compared with GBP3.39
billion a year before.
For the full year, the company said momentum remains strong
across the group and it continues to expect underlying growth rates
in revenue and adjusted operating profit.
The company declared an interim dividend of 15.7 pence a share
compared with 14.3 pence a year earlier.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
July 28, 2022 02:52 ET (06:52 GMT)
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