Experian FY20 Pretax Profit Fell Despite Strong 4Q; Covid-19 Barely Hit Results
May 20 2020 - 2:54AM
Dow Jones News
By Sabela Ojea
Experian PLC reported Wednesday a fall in pretax profit for
fiscal 2020, but said that it finished the financial year with a
strong fourth quarter which barely suffered the effects of the
coronavirus.
The consumer-credit reporting agency posted a pretax profit for
the year ended March 31 of $942 million compared with $957 million
for the same period a year earlier.
Revenue for the year increased to $5.18 billion from $4.86
billion for the previous year, Experian said.
The London-listed company added that it achieved organic revenue
growth of 8%, at the top of its expected growth in the range of
7%-8%. It also benefited from organic revenue growth of 10% in the
fourth quarter.
The board has declared a total dividend of 47.0 cents a share,
up from 46.5 cents a share at the end of the previous year,
Experian said. It added that earnings per share fell to 74.8 cents
from 76.9 cents.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
May 20, 2020 02:39 ET (06:39 GMT)
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