Friday, January 11, 2013

Tarsus meets financial target ahead of schedule

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.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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