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YouGov hikes dividend after profit jumps 49%

By BFN News | 07:37 AM | Tuesday 09 October, 2018


Polling company YouGov posted a 49% rise in annual profit and hiked its dividend, as it boosted earnings in the US and generated a higher proportion of its revenue from data services. Pre-tax profit for the year through July rose to £11.8m, as revenue rose 9% to £116.6m. The company increased its dividend by 50% to 3.0p per share. Data products and services revenue jumped 25% to £59.4m and now represented 50% of total revenue, up from 44% on-year. The US remained the largest profit generator, with adjusted operating profit there rising 78% to £16.6m. 'We have delivered revenue and profit growth significantly ahead of our industry and continue to track to meet the financial objectives set out in our five-year plan,' chief executive Stephan Shakespeare said. 'Increasingly, our clients are demanding the rapid analysis of data in real-time and through targeted investments in technology we have built a data engine which serves the modern marketer.' 'Trading in the current financial year has started well, underpinning the board's confidence in meeting their expectations for the year.' Story provided by StockMarketWire.com

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