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Experian PLC on Wednesday reported a half-year profit rise amid sustained regional growth. For the six months that ended on September 30, the Dublin-based consumer credit checker said pretax profit grew 48% to $763 million in the six months to September 30 from $517 million a year prior. Revenue grew 5.2% to $3.42 billion from $3.25 billion the year before, due to ‘good’ organic revenue growth across all regions, with a 4% increase in North America, 11% in Latin America, 1% in the UK and Ireland and 8% in Europe, the Middle East and Africa and Asia Pacific. Experian upped its interim dividend by 5.8% to 18.0 US cents from 17.0 US cents in the first half of financial 2022. Looking ahead, Experian said it will continue to monitor macroeconomic trends, but affirmed it is ‘well-placed’ to manage its ‘financing and other business risks satisfactorily.’ It added that it continues to expect organic growth in the range of 4% and 6% and ‘modest margin accretion’ in financial 2024, ‘all at constant exchange rates and on an ongoing basis.’ Chief Executive Officer Brian Cassin said: ‘We grew in every region and across both B2B and consumer services. Our growth is due to the breadth of our portfolio, contributions from new products and ongoing new customer wins. Overall, we are successfully executing our strategy for growth and this continues to help us to navigate the macroeconomic environment well.’ Shares in Experian were up 5.7% at 2,833.00 pence each in London on Wednesday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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