Experian fares well in preliminary results

BANGALORE, INDIA: Information services company Experian Group Ltd today announced the preliminary results for the year ended 31 March, 2008.

The company posted a total revenue growth of 18 per cent at actual exchange rates to $4.1billion.

Revenue from continuing activities is up 14 per cent at constant exchange rates to $4.1billion.

The total EBIT growth is 15 per cent at actual exchange rates to $945 million.

Profit before tax is registered at $549 million.

“Experian has delivered another year of strong revenue and EBIT growth and continues to make excellent strategic progress. This strong outcome in challenging trading conditions demonstrates the strength and diversity of the Experian business,” said John Peace, chairman, Experian.

“This has been a challenging year in many ways. The major disruption that took place in the financial services sector was unprecedented, but we delivered good profit and cash performances,” said Don Robert, chief executive officer, Experian.