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.”
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