Experian 1st Half Pretax Profit Rose; Sees Fiscal Year Revenue Growth

By Sabela Ojea

Experian PLC on Wednesday reported a rise in pretax profit for the first half of fiscal 2022 and said that it expects to close the year with significant revenue growth.

The consumer-credit reporting agency posted a pretax profit of $654 million for the six months ended Sept. 30 compared with $458 million for the same period a year earlier.

Benchmark earnings before interest and taxes rose to $806 million from $648 million, it said. Revenue increased to $3.06 billion from $2.49 billion for the year-prior period.

The board declared an interim dividend of 16 cents up from 14.5 cents.

The FTSE 100 listed company said its performance was marked by organic revenue growth of 16% in North America, 20% in Latin America, 15% in the U.K. and Ireland, and 6% in Europe, Middle East and Africa, and Asia Pacific regions.

"We expect progress to continue, and for the full year, we now expect organic revenue growth in the range of 11%-13%, total revenue growth of 15%-17% and strong [earnings before interest and taxes] margin accretion, all at constant exchange rates," Chief Executive Brian Cassin said.

Write to Sabela Ojea at [e-mail]; @sabelaojeaguix

(END) Dow Jones Newswires

November 17, 2021 02:38 ET (07:38 GMT)

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