YouGov expects FY profits to rise

12th Apr 2010 07:45

Online market research firm YouGov has taken a break from providing updates on the electorate's voting intentions on the UK general election and released in line interim results.Group revenue from continuing operations in the six months to the end of January 2009 eased to £21.29m from £22.57m in the corresponding period the year before.The 6% decline was partially accounted for by the expected £0.8m loss of revenue from a large Middle Eastern contract.The UK and US each grew revenues by 2%, but Germany saw a 7% slide while revenues in the Middle East and Scandinavia were down 10% and 12% respectively.Published loss before tax was £0.54m compared to a pre-tax profit the year before of £0.36m. "Trading in the second half of our financial year is currently in line with the board's expectations," said Stephen Shakespeare, YouGov's chief executive. "The group has a good new business pipeline and we are starting to see contributions from new revenue generating initiatives," Shakespeare said, adding that the company expects full year profits to be higher than last year.As in previous years no interim dividend has been declared.