Experian FY20 Pretax Profit Fell Despite Strong 4Q; Covid-19 Barely Hit Results

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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