News this week: Earlier this week, London-listed media group, Tarsus, has released its financial results
for the six months ended 30th June 2012. Group revenues were £19 million, flat with the 2011 figure; while like-for-like revenue was up 14% after adjusting for biennial cycles. Adjusted
profits before tax in the first half
of 2012 tripled from the 2011 figure to £1.8 million.
Tarsus management
reported very strong performance
from emerging markets. Emerging
markets (Middle East, China and Turkey) increased
by more than 26% year-on-year, generating £7.3 million.
Adjusted profit before tax in emerging
markets in the period was £1.5 million, tripled 2011’s £50,000.
Douglas Emslie, Group Managing Director, said, “Our significant progress
in the first half has been driven by excellent performances in the US from our
Medical and Off Price products and in the Emerging Markets by very strong
growth in the Turkish and Chinese businesses…Our position in China will be
significantly enhanced with the addition of GZ Auto, the leading automotive
aftermarket show.”
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