{"id":134716,"date":"2023-10-10T09:39:16","date_gmt":"2023-10-10T09:39:16","guid":{"rendered":"https:\/\/myfintale.com\/?p=134716"},"modified":"2023-10-10T09:39:16","modified_gmt":"2023-10-10T09:39:16","slug":"yougov-annual-pre-tax-profit-surges-on-higher-revenue-ups-final-dividend","status":"publish","type":"post","link":"https:\/\/myfintale.com\/economy\/yougov-annual-pre-tax-profit-surges-on-higher-revenue-ups-final-dividend\/","title":{"rendered":"YouGov Annual Pre-tax Profit Surges On Higher Revenue; Ups Final Dividend"},"content":{"rendered":"

YouGov Plc (YOU.L), a British Internet-based market research and data analytics company, on Thursday reported a rise in earnings for the full year 2023, supported by increased revenue from all geographies reflecting a strong demand with continued new business<\/span> momentum and high renewal rates.<\/p>\n

For the 12-month period to July 31, the London-headquartered Group posted a pre-tax profit of 44.7 million pounds, higher than 25.3 million pounds, registered for the same period of previous year. <\/p>\n

Excluding items, pre-tax income climbed to 56.4 million pounds from last year’s 34.7 million pounds.<\/p>\n

After tax, profit stood at 34.6 million pounds or 30.8 pence per share as against 17.5 million pounds or 15.4 pence per share of 2022.<\/p>\n

Adjusted earnings per share spiked to 40.5 pence per share from previous year’s 23.7 pence per share.<\/p>\n

Operating income improved to 44.4 million pounds from 30 million pounds a year ago. <\/p>\n

Adjusted operating earnings were at 48.3 million pounds, versus 36.3 million pounds in 2022.<\/p>\n

Excluding items, EBITDA rose to 73.6 million pounds from 61.6 million pounds in the previous year. <\/p>\n

Earnings were helped by increase in revenue to 258.3 million pounds, from 221.1 million pounds a year ago.<\/p>\n

YouGov will pay a final dividend of 8.75 pence per share, a 25 percent increase from last year. It will be paid on December 11 to shareholders on the register as of December 1. <\/p>\n

Looking ahead, the Group said: “Early trading in the new financial year is in line with management expectations. After a temporary pause in the second half of FY23, we are seeing sales momentum from the technology<\/span> sector starting to return\u2026”<\/p>\n

In addition, the company has reaffirmed its medium-term outlook with adjusted operating profit margin target of 25 percent on revenue of 500 million pounds. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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