Euromoney Institutional Investor PLC announced that the board has approved an unchanged interim dividend of 7 pence per share to be paid to shareholders on June 27, 2013, to shareholders on the register on May 24, 2013. The company expected that the shares will be marked ex-dividend on May 22, 2013.

Euromoney Institutional Investor PLC reported unaudited consolidated earnings results for the six months ended March 31, 2013. For the period, the company reported total revenues of £187,313,000, operating profit £46,010,000, profit before tax of £42,693,000, profit after tax of £32,871,000 and profit attributable equity holders of the parent of £32,329,000 or 25.26 pence per diluted share against total revenues of £189,437,000, operating profit £43,649,000, profit before tax of £39,834,000, profit after tax of £27,974,000 and profit attributable equity holders of the parent of £27,867,000 or 22.53 pence per diluted share for the same period a year ago. Adjusted diluted earnings per share were 31.89 pence against 29.72 pence a year ago. Net cash from operating activities was £33,535,000 against £42,201,000 for the same period a year ago. Purchase of property, plant and equipment was £928,000 against £872,000 for the same period a year ago. Purchase of intangible assets was £2,005,000 compared to £109,000 a year ago. Net debt as at March 31, 2013 was £38,065,000 against £88,541,000 a year ago. The increase in net debt reflects acquisition spend of £17.1 million (net of cash acquired), the payment of £7.5 million under the group's long-term incentive plan, and the cancellation last year of the scrip dividend alternative. Adjusted operating profit was £55.5 million against £56.7 million a year ago. Adjusted profit before tax was £52.4 million against £48.6 million a year ago. The company’s adjusted effective tax rate for the full year 2013 expected to be 22%.

The Airline Analyst Presents at 33rd Annual New York Airfinance Conference, Apr-22-2013 09:40 AM. Venue: Plaza Hotel, New York, United States. Speakers: Michae Duff, Managing Director.