News this week: London-listed B2B media group, Tarsus, reported preliminary results for the year ended 31st December 2011. Group revenues were up 8% year-on-year and pre-tax profits are expected to be in line with management forecasts. Since the beginning of the year, the company’s net debt has been cut by half to £14 million.
Tarsus’ management reiterated its commitment to drive organic growth and continue expanding in emerging markets through “Project 50/13” – an initiative to derive 50% of the group’s revenue from emerging markets by 2013.
The company reported its Chinese joint venture, Hope, continues to deliver strong performance through its medical equipment exhibitions and saw record revenues growth of 25% compared with 2010.
In particular, Tarsus highlighted its Labelexpo Asia, which took place in Shanghai in November, recorded revenue and visitor increases of 41% and 9%, respectively.
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