PARIS (dpa-AFX) - UBM Plc. (UBMJF.PK, UBM.L), an events-led marketing services and communications company, reported Friday that its first-half pre-tax profit surged 103.7 percent to 82.5 million pounds from 40.5 million pounds last year. Adjusted for certain items, pre-tax profit was 76.5 million pounds, 15 percent higher than last year's 66.5 million pounds.
Attributable profit grew 35.2 percent year-over-year to 69.9 million pounds, and earnings per share increased 123.8 percent to 28.2 pence. Adjusted earnings per share was 24 pence, compared to 21.4 pence last year.
Reported revenue of 361.0 million pounds declined 7.9 percent from prior year's 391.8 million pounds, reflecting a strong currency headwind. Revenues were broadly flat at constant currency, with solid underlying growth of 2.0 percent.
Tim Cobbold, Chief Executive Officer, said, 'UBM has had a solid first half and remains on track to meet expectations for the full year.'
Separately, UBM announced that Mary McDowell will join the Board as a non-executive director, and as a member of the Remuneration and Nomination Committees, on August 1.
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