21st Mar 2014 08:41
LONDON (Alliance News) - Online market research agency BrainJuicer Group PLC Friday reported an increase in profit and revenue for the recent year, following a "flat" performance in 2012.
The company posted pretax profit of GBP3.6 million for 2013, up from GBP1.5 million, as revenue rose 17% to GBP24.5 million from GBP20.8 million
On the back of the improved performance, the firm said it plans to pay a special dividend of 12.0 pence per share. The firm also increased its final dividend by 33% to 3.0 pence per share, from 2.25 pence, making a total dividend of 3.9 pence, up from 3.1 pence a year earlier.
BrainJuicer said geographically, it did well in most of its markets. However, growth was fuelled primary by its two main businesses, in the UK and US, which saw gross profit rise 12% and 25%, respectively.
It also said over GBP1.7 million of 2013 revenue came from a handful of projects larger than GBP100,000. "It doesn't take very much to tilt revenues up or down by meaningful percentage points," the firm said.
Brainjuicer said a number of its products did well, with Juice Generation, its suite of qualitative research services, delivering "impressive growth" - contributing 14% of total revenue.
"Our new behavioural consultancy services, while so far generating only modest revenue in their own right, are helping us to work even more closely with key clients," BrainJuicer added.
Chief Executive John Kearon said "its been emotional" for the company in the past year, with 2012's flat result resulting in a "miserable" start to 2013. However, the 17% increase in revenue has lifted the company's spirits.
Looking ahead, the firm said plans to build on its franchise in terms of products and client relationships.
Brainjuicer shares were up 7.8% at 459.35 pence early Friday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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