UPDATE 1-Charles Taylor H1 profit rises, sees FY in line

Fri Aug 28, 2009 2:33am EDT

* Says current trading in line with its expectations

* H1 revenue 45.9 mln stg vs 39.9 mln stg a year ago

* Says strong results from adjusting unit

* Lifts interim dividend by 5 pct to 5.54 pence (Adds details)

Aug 28 (Reuters) - Charles Taylor Consulting Plc (CHAT.L) reported a higher first-half profit as revenue rose 15 percent due to strong results from its Adjusting division, and said it was trading in line with its expectations for the full year.

The outlook for the second half was good as the Adjusting division remained very busy with a strong flow of new instructions, the consultant for management and insurance-related services said on Friday.

"The first six months of 2009 have shown the benefits of the company having a portfolio of specialist businesses within the insurance services sector," it said in a statement.

For the half-year ended June 30, the company posted a pretax profit of 5.6 million pounds ($9.1 million), compared with 4.2 million pounds a year earlier. Revenue rose to 45.9 million pounds from 39.9 million. The company also lifted its interim dividend by 5 percent to 5.54 pence.

Charles Taylor shares closed at 210 pence on Thursday on the London Stock Exchange.

($1=.6147 Pound) (Reporting by Balachander Surianarayanan in Bangalore; Editing by Gopakumar Warrier)

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