RWS Holdings PLC - Buckinghamshire, England-based technology-enabled language services provider - Posts update for its half-year ended March 31. Expects adjusted pretax profit to rise to £60 million from £50.5 million a year ago. Adjustment is ‘calculated before amortisation of acquired intangibles, acquisition costs, share-based payment expenses and exceptional items,’ firm explains.

Higher than initially forecast, business was boosted by its SDL acquisition. RWS Holdings bought Maidenhead, England-based professional services company SDL PLC in November 2020.

Interim revenue to be £357.3 million, up from £326.4 million year-on-year. The company is confident to deliver further progress and margin improvements in its financial year 2022, it adds.

‘We expect the group’s profit performance will be in line with our expectations for the full year,’ firm adds.

The company will release its interim results on June 9.

Current stock price: 417.40 pence, down 1.8% on Tuesday

12-month change: down 40%

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