Information services firm Experian Plc (EXPN.L) reported fiscal 2013 profit before tax of $440 million, lower than $689 million in the previous year.
Announcing its preliminary results for the year ended March 31, 2013, the company said its benchmark profit before tax was $1.195 billion, up 6% from last year.
On a per share basis, earnings declined to 36.4 US cents from 65.1 cents per share in the prior year. Earnings per share from continuing operations were 24.7 cents, down from 65.7 cents per share a year earlier.
Benchmark earnings were 85.7 US cents, up 9% from the prior year.
Annual revenues climbed to $4.73 billion from $4.49 billion reported last year.
For the year ended March 31, 2013, the company announced a second interim dividend of 24.00 US cents per share. This gives a full-year dividend of 34.75 US cents per share, up 9% from last year. The second interim dividend will be paid on July 19, 2013 to shareholders of record on June 21.
Don Robert, chief executive Officer stated, "...For the year ahead, we aim to deliver further premium growth, and look for mid to high single-digit organic revenue growth, modestly improved margins (at constant currency) and cash flow conversion of at least 90%."
The company also said it plans to initiate a share purchase programme totalling $500 million, over the next 12 months.
For comments and feedback: editorial@rttnews.com