Taylor Nelson FY07 Profit Rises; Recommends 21% Final Dividend Hike; To Acquire Compete For $75 Mln - Quick Facts

(RTTNews) - Taylor Nelson Sofres Plc (TNS.L, TYNLY.PK, TYNLF.PK) on Monday reported that reported profit for the year ended December 31, 2007 was GBP 58.5 million, higher than GBP 39.9 million last year. Profit attributable to equity holders of the parent company was GBP 56.3 million, compared to GBP 37.1 million in 2006.

Reported earnings per share surged to 13.1 pence from 8.2 pence whereas adjusted earnings per share were 15.1 pence, higher than 12.4 pence, a year earlier, which the company said was due to the successful execution against strategy that delivered over 20% adjusted EPS growth.

Adjusted results exclude restructuring costs and amortization of acquired intangible assets.

Revenue rose 6.3% to GBP 1.067 billion from GBP 1.004 billion last year, while underlying revenue growth was 5.4%.

Taylor Nelson's Board is recommending an increase of 21.9% in the final dividend to 3.9 pence per share from 3.2 pence last year. The final dividend will be paid on July 4, 2008 to shareholders on the register at May 23.

Looking ahead, chief executive, David Lowden, said, "With our order book ahead of last year, the group is confident that 2008 will represent another year of good progress."

Separately, Taylor Nelson announced that it has agreed to acquire Compete, Inc., a digital intelligence company in the US, for an initial cash consideration of US$75 million. The company is acquiring Compete primarily from a consortium of private venture capital companies.

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