Wilmington Group plc Announces Unaudited Consolidated Financial Results for the Six Months Ended December 31, 2015; Provides Financial Guidance for Fiscal 2016
February 24, 2016 at 12:30 pm IST
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Wilmington Group plc announced unaudited consolidated earnings results for the six months ended December 31, 2015. For the period, the company reported revenue of £49,363,000 against £46,085,000 a year ago. Operating profit was £5,571,000 against £4,732,000 a year ago. Profit before tax was £4,547,000 against £3,708,000 a year ago. Profit attributable to owners of the parent was £3,418,000 or 3.90 pence diluted per share against £2,759,000 or 3.15 pence diluted per share a year ago. Net cash generated from operating activities was £5,980,000 against £4,289,000 a year ago. Purchase of property, plant and equipment was £290,000 against £548,000 a year ago. Purchase of intangible assets was £472,000 against £867,000 a year ago. Adjusted profit before income tax was £8,934,000 against £8,107,000 a year ago. Adjusted operating profit (adjusted EBITA) was £9,733,000 against £9,131,000 a year ago. Adjusted diluted earnings per share were 7.85 pence against 7.06 pence a year ago. Adjusted EBITA before depreciation (adjusted EBITDA) was £10,692,000 against £10,404,000 a year ago. Net debt at the end of December 2015 was £36.6 million, up by only £2.0 million on 31 December 2014 of £34.6 million.
The company announced that for the second half of fiscal 2016, it is on target to deliver another good set of results for the full year of 2016, in line with the expectations.
Wilmington plc is a United Kingdom-based company, which is engaged in providing data, information, education and training services in the global governance, risk and compliance (GRC), health, safety, and environmental markets. The Company's segments include Training & Education and Intelligence. It Training & Education division provides compliance training and technical support for customers across a range of industries, including financial services, accountancy and healthcare. It offers a range of products, including formal qualifications, continuing education and mandatory training, through instructor-led and self-guided formats. Its Intelligence division consists of businesses, which provide must-have, authoritative risk and compliance data to a range of industries globally, including insurance, pensions and healthcare. Its brands include Axco, Pendragon, Mercia, Bond Solon, FRA, and others.
Wilmington Group plc Announces Unaudited Consolidated Financial Results for the Six Months Ended December 31, 2015; Provides Financial Guidance for Fiscal 2016