Smiths News Plc Announces Interim Management Statement for the Nineteen Weeks Period to January 12, 2013; Provides Earnings Guidance for the Year Ending August 31, 2013
Smiths News Plc announced interim management statement for the nineteen weeks period to January 12, 2013. For the period, the company's total group revenues increased 2.0% year on year, boosted by contribution from the acquisition of The Consortium in April 2012. The performance of each business unit is as follows; Smiths News total revenues declined by 1.9% and by 4.7% on a like for like basis. Media and Marketing total revenues declined by 1.5% and increased by 0.5% on a like for like basis.
The group remains on track to deliver strong growth in underlying profit before tax for the year to August 31, 2013, in line with market consensus.