8th Oct 2019 09:16
(Alliance News) - Data collection and analytics firm YouGov PLC hiked its dividend a third Tuesday after annual profit and revenue growth exceeded its targets in what was a "milestone" year for the company.
For the year ended July, pretax profit widened 65% to GBP19.5 million from GBP11.8 million the year prior. This was after revenue rose 17% to GBP136.5 million from GBP116.6 million the year before.
"It has been a milestone year for YouGov," Chief Executive Officer Stephan Shakespeare said.
"Five years ago we set ourselves ambitious growth targets which reflected our belief in the business' ability to expand its international reach, develop best-in-class products and dynamically respond to changing client needs. I am delighted that we have exceeded those targets. We have consistently delivered growth ahead of the market in that time, proving that YouGov's technologies, services and people are truly world leading."
YouGov proposed a 4.0 pence per share final and full year dividend, up 33% from 3.0p the year prior.
"We remain very ambitious," Shakespeare added. "This year was also the first year of our next five-year plan and we have made a great start, delivering strong growth in earnings. We have been winning more clients, taking on larger contracts and projects, and strengthening our position across the globe. At the same time, we have continued to invest in our products and technology.
"Trading in the current year has started in line with the board's expectations, and our outlook for the business remains strong", Shakespeare added.
Shares in YouGov were 0.4% lower at 536.00 pence in London on Tuesday.
By Ahren Lester; [email protected]
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