YouGov PLC - London-based research data and analytics group - For year to July 31, posts pretax profit of GBP15.2 million, down 22% year-on-year from GBP19.4 million. This is despite revenue rising 12% from the year prior to GBP152.4 million, with the UK and US being "key revenue and profit drivers". Administrative expenses for year was GBP113.9 million. up from GBP92.3 million the previous year. Hikes dividend by 25% to 5p per share.
Looking ahead, Chief Executive Stephan Shakespeare says: "Trading continues to be in line with the board's expectations for the current financial year. Despite economic uncertainty over the past six months, performance across the group continues to be resilient, delivering growth in both revenue and profit for the full year. While we have not seen any material impact from the Covid-19 pandemic thus far, we recognise that marketing budgets may come under pressure if the current situation prolongs."
Cash as at July end was GBP35.3 million, down from GBP37.9 million at the end of financial 2019.
Current stock price: 950.00p
Year-to-date change: up 48%
By Ife Taiwo; ifetaiwo@alliancenews.com
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YouGov (YOU)