Relx reports rise in first-half revenue, operating profit

(Sharecast News) - Relx reported first-half revenue of £4.87bn on Thursday, up 7% on an underlying basis, while adjusted operating profit increased 9% to £1.73bn and the adjusted operating margin rose to 35.5% from 34.8%. Adjusted earnings per share grew 11% at constant currencies to 68.6p, while reported pre-tax profit increased to £1.52bn from £1.28bn and reported earnings per share rose 24% to 65.7p.

The FTSE 100 information and analytics group raised its interim dividend by 7% to 20.9p and reaffirmed its full-year outlook for strong underlying revenue and adjusted operating profit growth.

Relx completed £1.75bn of its planned £2.25bn share buyback during the half and said momentum remained positive across Risk, Scientific, Technical & Medical, Legal and Exhibitions.

At 0857 BST, shares in Relx were up 3.27% at 2,534.21p.

Reporting by Josh White for Sharecast.com.

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