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Events firm Informa sees 2020 profit to plummet on pandemic hit

Jan 6 (Reuters) - Events group Informa Plc on Wednesday forecast a more than 70% plunge in 2020 profit as the industry was ravaged by coronavirus-driven restrictions and halts in physical exhibitions worldwide.

The world’s largest exhibitions group said it expects adjusted operating profit in the range of 250 million pounds ($341.13 million) to 270 million pounds for the year ended Dec. 31, 2020. That compares with a profit of 933.1 million pounds in 2019. ($1 = 0.7329 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Ramakrishnan M.)

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