Friday, January 11, 2013
News this week: Earlier this week, London-listed B2B media group, Tarsus, reported the completion of “Project 50/13” a year ahead of schedule. Project 50/13 is the company’s strategy of deriving 50% of its revenues from emerging markets by the end of 2013.
Tarsus’ trading update for the year ending 31st December 2012 showed a 13% increase in adjusted pre-tax profits, and highlighted a 30% revenue increase in China. According to Douglas Emslie, managing director of Tarsus Group, the company is looking into further acquisitions and will target in particular the U.S., South-East Asia, China and Mexico.
Doug Emslie commented, “2012 was a transformational year for Tarsus with the completion of Project 50/13 well ahead of schedule. Our ‘Quickening the Pace’ strategy will focus our efforts on the next stage of our development – accelerating the pace of financial returns to our shareholders… We are experiencing strong sales progress into 2013 and are increasingly confident that we can deliver an excellent outcome for 2013.”
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