20th Sep 2013 06:57
LONDON (Alliance News) - BrainJuicer Group PLC Friday raised its interim dividend by 6% and said it would return an additional GBP1.5 million in cash to shareholders through a special dividend.
The online marketing research company raised its interim dividend by 6% to 0.9 pence per share from 0.85 pence per share, after it showed increases in revenues and pretax profits for the half year ended June 30.
BrainJuicer also announced a special dividend of 12 pence per share, worth a total of GBP1.5 million to shareholders, as a reflection of its strong cash position.
The company posted revenues of GBP10.8 million from GBP10.4 million in the previous year. Pretax profit was GBP1.3 million, up from GBP717,000 in the previous year.
BrainJuicer said that resumed revenue growth and lower costs had produced a strong profits increase. The US and the UK have been the main drivers of growth, the company said, and it had seen good progress in its client acquisition Juice Generation.
The company cautioned that it had limited revenue visibility, but it believed it was on track to meet full year profit expectations.
BrainJuicer shares closed Thursday at 251.67 pence per share, up 1.17p.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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