(Alliance News) - Experian PLC on Wednesday posted a higher profit in its financial year ended March 31 but has guided for slowing organic revenue growth.
Pretax profit surged 34% to USD1.45 billion from USD1.08 billion a year ago. Revenue grew 17% to USD6.29 billion from USD5.37 billion.
The company declared a second interim dividend of 35.75 US cents per share, up 10% from 32.5 cents a year ago, as a result, it will pay a total dividend of 51.75 cents per share for the financial year, up from 47.00 cents a year ago.
"We have made major steps forward in consumer services, which is transforming the shape of our business, and we also progressed materially a series of strategic initiatives in business-to-business," commented Chief Executive Officer Brian Cassin in a press release.
Organic revenue grew by 12%. For the year ahead, the Dublin-based credit checking company expects organic revenue growth to slow to 7% to 9% with modest margin improvement at constant exchange rates, Experian said.
Experian shares were 3.0% lower at 2,589.00 pence each in London on Wednesday morning.
By Tom Budszus; tombudszus@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Experian (EXPN)