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.
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