Wilmington Group Sees FY In Line With Board Views

15th Jul 2010 07:17

LONDON (Dow Jones)--Wilmington Group PLC (WIL.LN), a provider of information and training for professional businesses, said Thursday that performance for the year to June 30 is expected to be in line with the Board's expectations. MAIN FACTS: -The Group's Publishing and Information business, which has generally performed well during the economic downturn, has seen overall trends in revenue and profit in the six months to June 30 in line with those experienced in the six months to Dec. 31, 2009. -Training and Events business is expected to show revenues for the six months to June 30 marginally ahead of the corresponding period in the prior year. -The legal training market has stabilized with the volume of face-to-face bookings in the quarter to June ahead of the corresponding period in the prior year. -Webinar bookings continued to show good year-on-year growth. -Trading in the investment banking sector continues to improve. -Continues to benefit from a strong balance sheet, low gearing and excellent cash flow and have significant unutilized committed bank facilities. -Shares closed Wednesday at 140.0 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires July 15, 2010 02:17 ET (06:17 GMT)