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YouGov profit jumps 78% on strong data analytics demand

By BFN News | 08:07 AM | Monday 26 March, 2018


YouGov posted a 78% jump in first-half profit as demand remained buoyant in the UK and the US for its political polling and corporate data services. Pre-tax profit grew to £4.5m, up from £2.5m a year earlier, as revenue more than doubled to £56.3m 'Trading during the second half has continued positively,' YouGov said. 'While 'Brexit' continues to create uncertainty in the economic and political environment, especially for UK and European businesses, the international spread of our revenues--with a significant US weighting--positions our business well to cope with, or even gain from, potential volatility.' 'In the context of both the macro-environment and our own plans to accelerate our investment in technology and geographic expansion, we remain confident of our expectations for the full year.' At 8:07am: (LON:YOU) YouGov PLC share price was +10p at 375p Story provided by StockMarketWire.com

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