21st Mar 2016 09:26
LONDON (Alliance News) - Market research agency BrainJuicer Group PLC on Monday said pretax profit grew in 2015 on higher revenue, prompting the firm to push up its dividend payment.
BrainJuicer said pretax profit for the year to the end of December was GBP4.5 million, up from GBP4.3 million a year earlier and in line with the company's expectations.
Revenue rose to GBP25.2 million from GBP24.7 million, helped by growth in its quantitative research products and services.
The firm said it will pay a final dividend of 3.5p per share, up from 3.3p a year earlier, taking its total payout up to 4.5p from 4.3p.
"We believe the market research industry will change more in the next 10 years than it has in the last 100, and BrainJuicer is extremely well positioned to benefit from a major system change. The growth of our core quantitative products gives us cause for continued optimism in the underlying momentum in the business and its long term upside potential," said John Kearon, the group's chief executive, which the firm defines as its 'chief juicer'.
BrainJuicer shares were down 1.5% to 288.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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