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Credit agency Experian PLC says its full-year profit rose 23 percent as a leaner operation squeezed more earnings from flat revenue.

The company has also raised its full-year dividend by 15 percent to 23 cents per share and has announced a $300 million share buyback.

For the year ending March 31, Experian said Wednesday that its net profit was $600 million compared to $486 million a year earlier.

Revenue rose 0.2 percent to $3.88 billion. Experian says it shaved $138 million from operating expenses which totaled $1.3 billion, and tax expense dropped from $84 million to $17 million.

Experian reported high revenues from Latin America, up 16 percent, and emerging markets/Asia/Pacific, up 6 percent. Revenue from North America, its biggest market, was up just $1 million to $2.06 billion.

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