BrainJuicer intends to pay a maiden dividend.
The online market research agency proposes an interim dividend of 0.5p a share plus a special dividend of 1.7p a share. The total dividend will cost £277,000. Net cash was £2.1m at the end of June and there is little need for capital expenditure. The main investment is in new technology and platforms.
Revenues grew by 37% to £3.97m in the six months to June 2008 and 72% of those revenues were from repeat business. Profits jumped 42% to £161,000.
BrainJuicer services 19 out of the top 200 companies in the world. It opened a new office in Switzerland in June and has already won work. Many international companies have their European headquarters in Switzerland.
US revenues grew by 246% in local currency but slightly slower in sterling terms.
BrainJuicer has taken a stake in an Australian market research business and if everything goes to plan it will end up buying the business in a few years.
BrainJuicer’s market value is £16.9m at 134p a share.
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