17th Jan 2014 08:21
LONDON (Alliance News) - Online market researcher Brainjuicer Group PLC Friday said revenue increased 17% to over GBP24 million for the full year, reflecting "encouraging" trading during the second half.
As a consequence, pretax profit for the year will be approximately GBP3.5 million compared with GBP1.5 million in 2012, substantially beating the current market expectation.
The AIM-listed firm said its core UK and US businesses both performed well while all of its operations, with the exception of Germany, delivered increased revenue.
Brainjuicer said its results were bolstered by an excellent fourth quarter, historically a strong but unpredictable quarter, it said, during which revenues were well ahead of those in the disappointing comparable 2012 period.
The return of strong revenue growth and lower-cost growth resulted in profits bouncing back strongly after the decline last year, the firm added.
Despite administrative costs increasing by around 7% during the year Brainjuicer said costs were "well controlled".
The stock was trading at 360.00 pence in early morning trading, up 39.00 pence or 12%, making it one of the biggest gainers on AIM.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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