Tullett Prebon plc (the “Company”) today announced its results for the six months ended 30 June 2014.
Financial Highlights
- Revenue £360.3m (2013: £439.8m)
- Underlying Operating profit £50.3m (2013: £71.4m)
- Underlying Operating margin 14.0% (2013: 16.2%)
- Underlying Profit before tax £43.2m (2013: £62.8m)
- Underlying Basic EPS 16.0p (2013: 22.4p)
- Reported Profit before tax £8.9m (2013: £52.5m)
- Reported Basic EPS 1.3p (2013: 18.5p)
- Interim dividend 5.6p per share (2013: 5.6p per share)
Terry Smith, Chief Executive, commented:“Market conditions remained challenging throughout the first half as the overall level of activity in the financial markets remained subdued. Consistent with the lower level of market activity, revenue in the first half of the year was 15% lower than in the same period last year."
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