BrainJuicer sees leap in both revenue and profit

published 20 September 2012

BrainJuice Group, an international online market researcher, has posted a 14 per cent rise in pre-tax profit and revenue, prompting an increase in the dividend from 0.75p to 0.85p for the six months ended June 30th.

Turnover for the half year period came in at £10.4m (H1 2011: £9.1m), boosting profit before tax to £0.72m (H1 2011: £0.63m). Earnings per share rose to 3.7p from 3.2p a year earlier.

At the period end the company had £2.4m cash (June 30th 2011: £2.1m) and no debt.

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The company's two largest operations, in the UK and the US, revenues grew by 3% and 16%, respectively. Together they generate more than two thirds of the company's revenue. Juicy revenue increased to 48% of the UK total in the first half of 2012 from 39% in the same period last year.

John Kearon, Founder and Chief Juicer of BrainJuicer, said: "During the first half of 2012 we opened a new office in Italy and saw very encouraging growth in the USA, Switzerland and our Brazil and China offices. As ever, revenue visibility is limited as we approach the seasonally important final quarter of the year. Nevertheless the board is confident that the company will make further progress in the second half and we believe we are on track to meet market expectations for the year as a whole.

"Our game-changing Juicy products have grown as a percentage of our business and attract industry attention and client commitment. We punch above our weight in the industry, and continue to gain traction with the major buyers of market research in the large and strategically important markets in which our clients operate."

The share price rose 1.2% to 337.50p by 15:56.

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