News this week: Earlier this week, London-listed media group, Tarsus Group, released its financial results
for the six months ended 30th June 2013. Group revenues were £26.0 million
(US$40 million), like-for-like revenue was up 14% after adjusting for biennials
and acquisitions. Adjusted profits before tax in the first half of 2013 was
£3.9 million (US$5.9 million), doubled the £1.8 million (US$2.7 million) in
2012.
Tarsus’ management reported strong performance from emerging
markets (China, Turkey and Dubai) – an increase of 13% in like-for-like revenue
reaching £12.3 million (US$19 million). Adjusted profit before tax in emerging
markets in the period was £3.3 million (US$5.0 million), up from 2012’s £1.5
million (US$2.3 million).
Douglas Emslie, group managing director, said, “We are
focused on delivering our “Quickening the Pace” strategy and we have got off to
a fast start. We continue to add value to our portfolio of market leading
events by replicating these brands both domestically and internationally. The
pace of brand replications has quickened during the period. We have good
visibility for the full year, especially from our two largest events – the Dubai Airshow and Labelexpo Europe – and we are
confident of a positive full year outcome.”
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