February 1, 2018 / 7:44 AM / 4 months ago

REFILE-Acquisitions help boost Euromoney revenue

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Feb 1 (Reuters) - Euromoney Institutional Investor, publisher of the Euromoney magazine, said quarterly revenue rose 6 percent, as recent acquisitions more than offset the negative impact from a stronger pound.

Euromoney, which is 49.1 percent-owned by Daily Mail & General Trust Plc, said total revenue was 100.8 million pounds ($142.83 million) for the period from Oct. 1 to Dec. 31, compared with 95.2 million pounds in the same period last year.

Underlying revenue, which excludes the effect of currency movements and acquisitions and disposals, rose 3 percent. The group generates about two-thirds of its revenue and about 80 percent of its profit in US dollars. ($1 = 0.7057 pounds) (Reporting by Hanna Paul in Bengaluru)

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