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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 $1.45 billion from $1.08 billion a year ago. Revenue grew 17% to $6.29 billion from $5.37 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.
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