Wilmington PLC - London-based provider of information and training for governance and risk & compliance - Pretax profit jumps to GBP24.6 million in the six months that ended December 31 from GBP5.5 million a year ago, due to the proceeds from the GBP24.3 million sale of its AMT financial training business in December. Adjusted pretax profit is GBP9.5 million, up 35% from GBP7.0 million, as revenue rises 6.9% to GBP58.9 million from GBP55.1 million. Organic revenue growth is 12%, amid a return of face-to-face events to pre-pandemic levels. Declares interim dividend of 2.4p, up 14% from 2.1p a year ago. Confirms outlook for full year is ahead of earlier expectations. "If the major face-to-face events happen in March as expected, we anticipate our profitability to improve still further," Chief Executive Officer Mark Milner says.
Current stock price: 248.00 pence, up 4.2% on Tuesday
12-month change: up 40%
By Tom Waite; thomaslwaite@alliancenews.com
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Wilmington (WIL)