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Social Research Leads ORC Growth
Opinion Research Corporation has announced financial results for the fourth quarter and the year ended December 31, 2005. The full year saw a 6% increase in revenues to US$190 million, whilst income from continuing operations was $1.6m, $0.1m up on 2004.
Social research revenues last year increased by 7% to $138m, whilst market research revenues remained relatively flat at $52m (vs $51m in 2004).
Revenues for the last quarter of 2005 increased by 6% to $48.4m. Social research revenue rose by 4% to $33.7m, whilst market research revenues totalled $14.7m, an increase of 11% on Q4 2004.
Income from continuing operations in both 2004 and 2005 was reduced by refinancing related loan fee write-offs and in 2005 by the write- off of the costs of an abandoned equity offering, which together totalled $1.6m in both years.
Summarizing the year, Chairman and CEO John F. Short said, 'Our results in 2005 reflect the strength of our social research business and the continued improvement in our commercial market research business. Given the pressures on the U.S. federal government's budget, we are cautious in our outlook for 2006 and expect revenues to increase modestly over 2005. We expect earnings improvement as our efforts to turn around the commercial market research business continue to deliver results.'
Opinion Research is online at www.opinionresearch.com
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