Experian PLC (EXPN.LN) said Wednesday that pretax profit for the first half of fiscal 2018 fell 7% due to a decline in revenue from its U.K. and Ireland consumer services business.
The credit reporting agency said pretax profit for the six months ended Sept. 30 was $467 million compared with $500 million a year earlier. Group revenue increased 5% to $2.19 billion compared with $2.09 billion a year earlier, it said.
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Revenue from the U.K. and Ireland consumer services company decreased to $86 million from $112 million a year ago.
FTSE 100-listed Experian raised its interim dividend by 4% to 13.5 U.S. cents from 13 cents last year.
Chief Executive Brian Cassin said that he expects good levels of growth for the full year, with organic revenue growth in the mid-single digit range and stable margins as Experian invests in operations and growth initiatives. He added that he continues to expect further progress in benchmark earnings per share.
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(END) Dow Jones Newswires
November 15, 2017 02:48 ET (07:48 GMT)