29th Jul 2019 10:17
(Alliance News) - YouGov PLC on Monday said it was seeing strong revenue and profit growth in its current financial year, helped by expansion and investments.
The research data and analytics company said it now expects its trading for the year to the end of July to be "comfortably" ahead of expectation, as it has achieved "another year" of strong revenue and operating profit growth.
Last year, YouGov delivered revenue of GBP116.6 million and operating profit of GBP11.8 million.
On a divisional basis, the Data Products & Services unit continued its rate of "excellent" growth,YouGov said, and remains a strong contributor to profit, while Custom Research achieved growth rates above the industry average.
Also, YouGov said it continued to expand into new geographies - with organic operations in Canada and Mexico established during the year - and has experienced growth across all regions, with the core target markets of the UK and US remaining key drivers.
YouGov said it continued to invest in its business to support further growth, with a particular focus on technology and new products.
The AIM-listed company said it will publish its annual results on October 8.
YouGov shares were trading 5.6% higher on Monday in London at 562.00 pence each.
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