Experian shrugs off economic woes

Updated Thursday, November 20, 2008 11:12 am TWN, Reuters

Experian shrugs off economic woes

LONDON -- Credit information provider Experian posted an 8 percent rise in first-half earnings and said revenue growth rates should hold up in the third quarter, propelling its shares 14 percent higher. Experian, best known for running consumer credit checks for banks, retailers and other companies, said on Wednesday that earnings before interest and tax (EBIT) were US$476 million in the six months to the end of September. Analysts said the result was ahead of market expectations and showed the company’s ability to withstand a looming global recession.

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