Experian Fiscal Year Pretax Profit, Revenue Rose; 2022 Seen Stronger
19 May 2021 - 4:52PM
Dow Jones News
By Sabela Ojea
Experian PLC reported Wednesday a rise in pretax profit linked
to a reduction in net finance costs for fiscal 2021 and said that
it expects to see significant revenue growth for the current
financial year.
The consumer-credit reporting agency posted a pretax profit for
the year ended March 31 of $1.08 billion after cutting net finance
costs by $130 million. This compares with a profit of $942 million
for the same period a year earlier.
Revenue rose to $5.37 billion from $5.18 billion for the
year-earlier period.
The FTSE 100 listed company said it achieved total revenue
growth of 7% for the whole year, as well as organic revenue growth
of 4%.
Regarding its fourth-quarter organic revenue growth, Experian
said that it saw growth of 5%, at the top end of its guidance
range. Experian also expects to benefit from growth in the current
financial year, seeing organic revenue growth in the range of 7% to
9% and total revenue growth in the range of 11% to 13%.
The board has declared an unchanged total dividend of 47.0 U.S.
cents a share.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
May 19, 2021 02:37 ET (06:37 GMT)
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