RWS sees slight increase in first-half revenue
Intellectual property support services group RWS Holdings expects first-half revenue to be just slightly ahead of the same period the year before, held back by a continued weak performance in Berlin.
Intellectual property support services group RWS Holdings expects first-half revenue to be just slightly ahead of the same period the year before, held back by a continued weak performance in Berlin.
Revenue in the six months to March 31st 2012 is expected to be £33.5m, compared with £32.4m the year before, driven by the performance in RWS's core patent translations business and the initial benefit of strong subscriptions for the high-margin PatBase service.
The group has drawn attention to the World Intellectual Property Office, which last month published figures that showed a 10.7% year-on-year increase in patent application filings to set a new record, "demonstrating that procuring international patent rights has remained an integral part of many IP strategies despite the economic conditions."
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Whilst RWS is not immune to global economic conditions, especially in the Eurozone, the provision of intellectual property support services has proved to be a resilient niche and we are well placed to continue to grow our share of the patent translation and intellectual property services markets," said Executive Chairman Andrew Brode.
Shares were down 1.66% at 526.12p in early trading on Tuesday.
BC
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
London Stock Exchange gets go-ahead to run Pisces private stock market
The Pisces market will allow investors to buy and sell shares in private companies. But how will it work, when will it launch, and who is allowed to use it?
-
Could landlords face National Insurance on rental income?
The Treasury is said to be considering a tax increase for landlords in an attempt to boost revenue in Rachel Reeves’s Autumn Budget