Tarsus sets out stall, exhibits strong growth
Tarsus Group, the exhibitions and business to business media company was up 2.16% in mid morning trading following a positive trading update.
Tarsus Group, the exhibitions and business to business media company was up 2.16% in mid morning trading following a positive trading update.
Group like-for-like revenue growth, at constant exchange rates, increased by approximately 8%. Excluding the troubled French division growth was approximately 13%.
Net debt at the end of 2011 was £14m, half the level at the equivalent point of 2010.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The Board says it expects adjusted pre-tax profits for 2011 to be in line with expectations.
While the Middle and Far East and U.S. divisions are performing well Europe, in particular France, where revenues were down 4%, is a known issue for the firm.
Tarsus's Managing Director, Douglas Emslie said of the results: "The year ended well, resulting in record revenue and profitability. Cash flow was strong with net debt halving."
He sounded a note of caution on the "second half weighting of our profits and ongoing macro uncertainty in Europe".
Over the last 12 months Tarsus has climbed 14%.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?
-
Israel claims victory in the '12-day war' with Iran
Donald Trump may have announced a ceasefire in the 12-day war between Israel and Iran, but what comes next depends on what happens internally in Iran