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£934.19m
-18.25p ()
382.75p
Date: Tuesday 29 Jul 2008
LONDON (ShareCast) - It was a strong first half for United Business Media, said the media and exhibitions group today, setting the business up for another good full year performance.
Adjusted group operating profit climbed 11.4% to £90.2m in the six months ended 30 June 2008 on revenue 10.4% higher at £445.6m. Pre-tax profit was up 17.4% to £76.3m.
During the period, 85% of profits were derived from tradeshows and exhibitions, business intelligence products and services, and news distribution activities.
“Forward bookings across UBM's major events scheduled for the second half of the year are 10% ahead of the previous year,” said boss David Levin.
“Bookings for key 2009 events - including the biennial events Marintec China in Shanghai and Food Ingredients Europe in Frankfurt - are 10% ahead of the previous events.”
“We are on track to deliver another good full year performance,” he added.
The interim dividend rises 15.7% to 5.6p a share.
UBM also announced the acquisition of four tradeshows for a total of £4.7m in cash.
| Currency | UK Pounds |
| Share Price | 382.75p ![]() |
| Change Today | -18.25p |
| 52 Week High | 649.50p |
| 52 Week Low | 372.50p |
| Volume | 2,136,409 |
| Shares Issued | 244.07m |
| Market Cap | £934.19m |
| Beta | 0.79 |
| RiskGrade | 265 |
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| Strong Buy | 6 |
| Buy | 6 |
| Neutral | 4 |
| Sell | 0 |
| Strong Sell | 0 |
| Total | 16 |

| Latest | Previous | |
|---|---|---|
| Interim | Final | |
| Ex-Div | 27-Aug-08 | 12-Mar-08 |
| Paid | 16-Oct-08 | 22-May-08 |
| Amount | 5.60p | 16.76p |
| CFO | Nigel Wilson |
| Chair | John C Botts |
| CEO | David Levin |