Specialist business publishing and information company, Centaur Holdings, has released a positive trading statement for the last six months of 2004, revealing profits to have more than doubled to £2.4 million, from £1.1 million in 2003.
Turnover for the group performed as expected (see
UBM Considering Sale Of NOP World), rising by 12% year on year during the last half of 2004 to £31.6 million, compared with £28.3 million in 2003. The company saw overall advertising revenues during the first half of 2004 grow by 11%, fuelled by a 21% increase in recruitment advertising.
Centaur enjoyed a 20% growth in its events revenues, boosted by two new trade shows launched in the period, the Business Travel Dusseldorf and the Total Motivation Show. Elsewhere, profit margins for the July to December 2004 period doubled to 8%, from 4% in 2003.
Commenting on the results, Graham Sherren, chairman and chief executive officer of Centaur Holdings said: “The results in the first half show strong year on year growth. The outlook for the second half, which is traditionally our most profitable period, is encouraging and we expect further year on year growth in revenues and profits in the six months to June 2005.”
He added: “With a strong pipeline of new products and a continuing recovery in the advertising cycle, we remain on track to deliver our planned growth in profit margins.”
Related Links
