London information services firm increases revenue by £1.2m

A London information services company has announced a revenue increase of £1.2m.

Wilmington, which specialises in risk and compliance, healthcare and professional industries, earned revenue £59.5m, up from £58.3m.

The company said that its underlying revenue growth was offset by increased staff costs to support ‘growth initiatives’.

it also reported that its interim dividend increased 2 per cent to 4.2 pence from 4.1 pence in 2018.

Mark Milner, CEO of Wilmington, commented: “The first half of the year has seen positive trading performance and we enter the second half with momentum continuing to build.”

“Looking beyond this financial year, it is becoming clear that in order to drive the growth aspirations for the medium term, the business needs to invest further in its technology and digital content to ensure that its product portfolio is positioned in growth areas.

“These investments support our aspirations to build a focused, modern, digital business portfolio capable of serving the changing requirements of our growing customer communities and through that deliver sustainable growth in shareholder value.”