Sunday, July 31, 2011

Tarsus’ net profit in emerging markets up in 1H

News this week: London-listed media group, Tarsus, has released its financial results for the six months ended 30th June 2011. Group revenues were £19 million, a year-on-year increase of 14%. Adjusted profits before tax dropped 44% to £606,000.

Tarsus management reported the performance of emerging markets as very encouraging. Emerging markets (Middle East, China and Turkey) generated £5.7 million, up 72% compared to last year. In the first half of 2011, adjusted profit before tax in emerging markets was £511,000, a significant increase compared to the £90,000 recorded in the first half of 2010.

Revenues generated from Hope (China), a joint venture exhibition company with Hubei Hope Exhibition (China), were up 11% in the first half with that positive momentum expected to continue into the second half of 2011.

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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