London, 26th July: U.K.-based exhibition organiser, the Tarsus Group has announced its interim results for the first half of 2017. Group revenues in the first half were £39.8 million (US$52 million) which on a like-for-like basis represents an increase of 4% (excluding acquisition and biennial events). The company also reported visitor growth of more than 8% across its portfolio.
Tarsus’s shows in Asia posted strong results. Revenues generated in Asia for the first half of the year were £13.1 million (US$17 million) and the adjusted profit before tax was £5.0 million (US$6.6 million) in the same period. According to Tarsus, two of its Shenzhen-based events, AAITF (automotive aftermarket) and SIUF (underwear and intimate apparel) both performed well. Hometex and Intex, held for the first time under Tarsus’ ownership, both performed in line with management’s expectations. In the Southeast Asia, the majority of Tarsus’ events are held in the second half of the year.