Friday, August 01, 2014

Tarsus’ revenues up 9% in first half

News this week: Earlier this week, London-listed media group, Tarsus Group, released its financial results for the six months ended 30th June 2014. Group revenues were £23.1 million (US$40 million), like-for-like revenue was up 9% after adjusting for biennial exhibitions and acquisitions. Adjusted profit before tax in the first half of the year was £3.0 million (US$5.1 million), compared with £3.9 million (US$5.9 million) last year.

Tarsus’ management reported strong performance from emerging markets, especially in Dubai and China. In China, Tarsus acquired underwear show, SIUF, in April 2014, and recorded a strong performance in its first edition in May. The company also reported on the strong performance of its Chinese joint venture, Tarsus Hope Exhibition, which recorded significant revenue increase during the period.

Douglas Emslie, Tarsus’ managing director, said, “Tarsus has delivered a solid performance in what is the quietest six months for trading in our two-year cycle. We are continuing to progress our ‘Quickening the Pace’ strategy which has seen us make a number of strategic acquisitions in the last year as well as accelerate launch activity as we seek to replicate some of our leading brands internationally.”

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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