Experian shares jump on strong half-year results

Shares in consumer credit reporting company Experian (LSE: EXPN) jumped 5.7% on Wednesday after the company reported higher profits and revenues in its half-year results.

The FTSE 100 company reported a pretax profit of $763 million for the six months ending September 30, a significant 48% increase from $517 million during the same period last year.

Total revenues also showed gains, rising 5.2% to $3.42 billion, up from $3.25 billion the previous year. Experian cited positive organic revenue growth across all regions, including a 4% jump in North America, 11% in Latin America, 1% in the UK and Ireland, and 8% in Europe, the Middle East, Africa and Asia Pacific.

On the back of the positive results, Experian increased its interim dividend 5.8% to 18 U.S. cents, up from 17 cents in last year’s first half.

In a statement, Experian CEO Brian Cassin touted the company’s diverse business portfolio and ongoing customer growth as key factors in driving gains across geographies and segments. Cassin expressed confidence in Experian’s strategic direction despite tricky macroeconomic environments.

While broader markets have seen turbulence, Experian shares remain flat year-to-date and over the past 12 months. With strong financial momentum, the company appears poised to deliver ongoing growth through strategic investments.