YouGov share price flat after market research company reveals boost to profits and revenues for its six months ending January 2016

 
Hayley Kirton
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The company performed particularly strongly in the US and the UK (Source: Getty)

Share price in YouGov was trading flat after the company revealed higher revenues and profits for its six-months ending January 2016.

The market research company announced that its revenues had grown to £41.5m, up 15 per cent from £36.2m for the six months to January 2015, while profits before tax had increased to £5m, up 42 per cent from £3.5m.

"This is an exciting time for YouGov and the second half of our financial year has started well with trading in line with expectations," said Stephan Shakespeare, chief executive of YouGov.

Shares in the company was trading flat at 135p shortly before 1pm London time.

The company also announced that its UK and US offerings had performed strongly during the period, while it also continued to grow in the Middle East, Asia Pacific and France.

Shakespeare added: "Increasingly, clients are looking for new solutions with greater sophistication and efficient operations, and our global data products and custom research services provide that, leading to continued outperformance against the research market. The expansion of our model and brand into new markets such as Asia Pacific, and of operations into Eastern Europe, is also contributing successfully to our global development."

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