London, 26th July: U.K.-based exhibition organiser, the Tarsus Group has announced its interim results for the first half of 2018. Group revenues in the first half were £35.6 million (US$47 million) which is an increase of 32% compared with the 2016 figure and an increase of 12% (excluding acquisition and biennial events) on a like-for-like basis. Adjusted profit before tax was £5.8 million (US$7.7 million) in the six-month period. The company recorded buyer/visitor growth of 13% across its portfolio.
In Asia, Tarsus’ performance was particularly strong. Revenues generated in Asia in the first half were £15.3 million (US$20 million) and the adjusted profit before tax was £6.5 million (US$8.6 million) in the same period.
Also in the first half, Tarsus acquired an additional 25% interest in SIUF in China. In addition, the company also launched Labelexpo Southeast Asia, which was one of the company’s strongest ever launches according to Tarsus.
Douglas Emslie, Group Managing Director, commented, “An integral part of our strategy for organic growth is to invest in and expand our leading brands globally through our growing launch programme. We are delighted by the performance of the first edition of Labelexpo Southeast Asia, demonstrating the strength of the Labelexpo brand. We have traded well in the first half, forward bookings are well up and we remain confident of delivering a strong performance in 2018 in line with the Board’s expectations.”