YouGov hikes dividend as annual profit rises 24%

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Polling and data company YouGov booked a 24% rise in annual profit underpinned by higher sales of its data products and services offerings.

Pre-tax profit for the year through July increased to £18.9 million, up from £15.2 million year-on-year, as revenue climbed 11% to £169.0 million.

YouGov, which had delayed the release of its results, had already released some headline figures to the market last week.

It declared a full-year dividend of 6p per share, up 20% year-on-year.

The company said the bundling of sales between the data products and custom research divisions resulting in larger and more strategic long-term deals being signed.

It added that it had made an encouraging start to the new financial year, with a healthy sales pipeline and continued strong momentum.