By Elena Vardon

Experian backed its guidance for fiscal 2024 as it posted an on-year rise in pretax profit for the first half driven by growth across all of its regions.

The credit-reporting agency reported pretax profit for the six months ended Sept. 30 of $763 million compared with $517 million for the same period the previous year.

Total revenue was $3.42 billion, up from $3.25 billion, it said Wednesday. This represents total revenue growth at constant exchange rates of 5%, in line with its expectations, while organic revenue growth was also 5% for the half-year.

"We grew in every region and across both B2B and Consumer Services," Chief Executive Brian Cassin said.

Its North America business--which makes up two-thirds of total revenue--had organic revenue growth of 4% at constant exchange rates, it said. Experian posted 1% growth for the U.K. and Ireland, and 8% for EMEA and Asia Pacific. Latin America--which brings in 15% of revenue--grew 11%, it added.

The London-listed company confirmed its organic revenue growth target of between 4% and 6% at constant exchange rates and modest margin accretion. Consensus compiled by the company estimates 5.3% growth for the period.

It declared an interim dividend of 18.0 cents per share, up from the previous year's 17.0 cent payout.

Write to Elena Vardon at

(END) Dow Jones Newswires

11-15-23 0237ET