Experian share price rises after solid first half
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Revenue at information services agency Experian (LON:EXPN) increased by 7% in the six months ended 30th September from the same period a year earlier. The total dividend was raised by 4%, to US$0.14 per share, despite a 5% drop in profits before tax, which was largely due to one-off internal foreign exchange losses.
Brian Cassin, chief executive of Experian, said: “We have started the year well, with first-half organic revenue growth of 8% as we expand our data assets, introduce new global products and gain momentum in Consumer Services.
“We now expect full-year organic revenue growth in line with the first half, and at the top of our previous guidance range. While foreign exchange translation remains a headwind, we expect EBIT growth at or above revenue growth and strong progress in Benchmark earnings per share, all at constant currency“.
The firm’s share price rose by 5.77% to 1,896p (as of 12:25 GMT).
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