London Stock Exchange Group 2020 Pretax Profit, Revenue Rises
March 05 2021 - 2:47AM
Dow Jones News
By Joe Hoppe
London Stock Exchange Group PLC said Friday that 2020 pretax
profit rose 5.2% on the back of higher revenue, and declared an
increased dividend.
The stock exchange and financial-information company said pretax
profit rose to 685 million pounds ($951.7 million) from GBP651
million a year before.
Total revenue rose to GBP2.12 billion from GBP2.06 billion a
year prior. It said the rise in revenue was driven in particular by
growth in its information services and its post trade services
divisions, offsetting a slight slip in technology services
revenue.
Adjusted earnings before interest, taxes, depreciation and
amortization--a metric that strips out exceptional and other
one-off items--rose to GBP1.33 billion from GBP1.27 billion a year
before.
The company proposed a final dividend of 51.7 pence a share,
bringing the total full year dividend up 7% to 75.0 pence.
"LSEG is well positioned for long-term sustainable growth in a
continually evolving landscape as a leading global financial
markets infrastructure and data provider," Chief Executive David
Schwimmer said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
March 05, 2021 02:32 ET (07:32 GMT)
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