Experian records 18% rise in pre-tax profits

Global information services group Experian has posted a pre-tax profit of $318 million (£216m) for the first half of the year; up from $270 million (£183m) for the same period in 2007. First half revenues totalled $2.02 billion; up 13% compared to last year with revenues from UK and Ireland increasing 4% to $475 million (£322m).

Chairman John Peace said: “Experian performed well in the first half, delivering good revenue, profit and cash performances, even though market conditions were exceptionally challenging.”

Experian is expecting similar growth in the third quarter whilst stating it’s full year objective remains: “to broadly maintain margins and to grow profits, while continuing to position the business for long term success”.

Experian is the parent company of Credit Expert, which offers 30 days free access to your online credit report.