Friday, May 24, 2013

Tarsus interim revenue up 9% revenue


News this week: Last week, U.K.-based exhibition organiser Tarsus reported its interim financial results for the period from 1st January to 16th May 2013.

Overall, the group’s revenues were up 9% on a like-for-like basis compared with last year. Tarsus highlighted that revenues are heavily weighted towards the second half of this year due to the timing of its exhibitions, and trading for this period has been positive and remains in line with the board’s expectations.

Launched earlier this year, the company reports its “Quickening the Pace” strategy is now gaining momentum as Tarsus focuses on accelerating earnings per share growth by leveraging and developing its market leading portfolio of events in high growth economies and sectors.

Tarsus’ emerging markets businesses continues to record strong revenue growth and the company also reported on the successful integration of its recent acquisition of a majority stake in Indonesian exhibitions group, PT Infrastructure Asia (PTIA).

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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