LexisNexis News - Featured Story

KAGISO MEDIA’S INFORMATION SOLUTIONS BUSINESS LEXISNEXIS POISED FOR GROWTH ACROSS AFRICA

With an annual average profit growth rate of more than 20% a year for the last four years, LexisNexis has become one of the key performers for JSE-listed Kagiso Media, which owns 50% of the business.

LexisNexis contributed close to 21% of the recently-announced annual profits of Kagiso Media, with the division’s revenue and operating profits up by 22% for the year. Its strong performance over the last year was largely a result of LexisNexis continued process of transforming itself from a traditional publisher to a solutions provider; its 51% growth in revenue from the African continent; and its 30% growth in compliance and training services. All three of these factors are expected to play a significant role in future business growth.

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