RELX’s exhibitions business posts 40% decline
London, 29th July: RELX plc recently released its latest financial results for the previous six months ended 30th June 2021. Group revenues were £3.39 billion (US$4.7 billion) in the first half of the year, a year-on-year decrease of 3%. However, adjusted operating profit increased by 3% year-on-year to £1.02 billion (US$1.4 billion).
RELX’s exhibitions business generated revenues of £121 million (US$167 million), representing a decline of 40%. However, the adjusted operating loss decreased from £66 million (US$91 million) to £48 million (US$66 million) this year. During the reported period, the company held 87 face-to-face events, mostly in China and Japan.