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LSE swings to H1 profit from year-ago loss, to pay higher interim dividend

London Stock Exchange Group Plc reported unaudited consolidated profit attributable to equity holders of £153 million for the first half, compared to a represented attributable loss of £36 million for the year-ago period.

EPS for the half amounted to 43.2 pence, compared to the year-ago loss per share of 10.3 pence.

Profit for the period from continuing operations rose on a yearly basis to £208 million from £114 million. The group booked a loss after tax from discontinued operations of £22 million, compared to the year-ago loss of £130 million.

Total revenue from continuing operations amounted to £853 million, compared to £722 million in the first half of 2016. Net treasury income through the central counterparty clearing business increased year over year to £75 million from £56 million.

During the first six months ended June 30, the U.K.-based group noted that it acquired financial information provider Mergent Inc. on Jan. 3, which resulted in an increase of goodwill in the group of £73 million. Acquisition-related costs of £2 million were recognized by the group with respect to the purchase of the U.S.-based firm.

LSE Group's board of directors declared an interim dividend of 14.4 pence per share for the first half, up 20% from the year-ago 12.0 pence per share. The interim dividend will be paid Sept. 19 to shareholders on the register Aug. 25.