Euromoney is back in the black

Publishing and electronic information group Euromoney Institutional Investor yesterday reported preliminary results for the fiscal year ended 30 September, reporting a pre-tax profit, compared to a loss last year, reflecting a good recovery in advertising and sponsorship revenues.

Profit before tax was £71.42m compared to a pre-tax loss of £17.36m in the previous year. Underlying pre-tax profit was £86.64m, up from £62.99m a year ago. Total revenue for the twelve months improved to £330.01m from £317.59m a year earlier. It issued a final dividend of 11.75p per share.