Experian 1st Half 2020 Pretax Profit Rose Slightly on Americas Momentum
12 November 2019 - 7:00PM
Dow Jones News
By Sabela Ojea
Experian PLC (EXPN.LN) on Tuesday said trading in the first half
of fiscal 2020 was stable due to strong momentum in North America
and Latin America.
The FTSE 100 credit-reporting agency made a pretax profit of
$480 million for the six months ended Sept. 30 compared with $470
million for the same period in fiscal 2019. The London-listed
company said it benefited from a gain on an associate's business
disposal, which increased its share of the post-tax profit of
associates by $37 million in the period.
Revenue for the half year rose 5.9% to $2.50 billion.
Benchmark earnings before interest and taxes increased to $670
million from $649 million in the year earlier period. However, the
company said it still expects it to weighted toward the second half
of the year, reflecting revenue seasonality.
In Experian's core North American market, benchmark EBIT rose
11% to $544 million.
"We now expect full-year organic revenue growth in the 7%-8%
range, at the upper end of our previous guidance," Chief Executive
Officer Brian Cassin said. At the time of its first quarter
results, the company had estimated full year-organic revenue growth
in between of 6% and 8%.
The board proposed an interim dividend of 14.5 cents a share
from 14 cents a share in the year-earlier period.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 12, 2019 02:45 ET (07:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Experian (QX) (USOTC:EXPGY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Experian (QX) (USOTC:EXPGY)
Historical Stock Chart
From Apr 2023 to Apr 2024
