News blog
BrainJuicer Group
- BY: Andrew Hore |
- POSTED: 14/03/2010 |
Online market research agency BrainJuicer Group reported slightly better than expected revenues and profits for 2009 thanks to a strong second half.
BrainJuicer had already flagged up the figures. Revenues were 27% higher at £11.8m and profits were 21% higher at £1.66m.
BrainJuicer has grown at a time when the overall market research market is declining. This has been achieved by growing revenues from the company’s own-developed market research products.
Switzerland and Germany moved into profit in their first full year and the US and the Netherlands both grew revenues and profits. In contrast, the UK was slightly down. The Canadian licence partner has been acquired.
New operations are planned in Brazil and China.
Even after paying a special dividend of 1.7p a share, BrainJuicer ended the year with an increased cash pile of £2.34m. The total underlying dividend is increasing from 1.5p a share to 1.9p a share. An interim dividend 0f 0.6p a share for this year will be paid in the current tax year but the 1.3p a share final dividend for 2009 will be paid after April.
At 149.5p a share, BrainJuicer is valued at £19.3m.
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