Slimline Euromoney edges ahead
12 April 2012
EUROMONEY Institutional Investor raised underlying pre-tax profits 2% in the six months to 31 March despite 'very difficult trading conditions'. The downturn in the US was exacerbated by the 11 September terrorist attacks.
The specialist financial publishing group, controlled by Daily Mail, Mail on Sunday and London Evening Standard publisher Daily Mail & General Trust, which owns This Is money, achieved an £8.2m profit on turnover down 11% at £89m. It cuts jobs and its spending on the internet. Euromoney is maintaining the interim dividend at 5p a share.
