London, December: The Hyve Group plc (formerly ITE Group), a London-listed media group, has released its preliminary results for the year ended 30th September 2022. Revenues for the year were £122.5 million (US$137 million) compared with the figure of £21.8 million (US$24 million) in the previous year. The group’s 2022 revenues were slightly higher than 2019’s pre-COVID revenues of £121.5 million (US$136 million).

According to Hyve, the majority of its events continued to recovery during the recent financial year, with the important exception of China, where most of the group’s events were cancelled due to government mandated pandemic restrictions.

In Asia, Hyve generated revenues of just £5.8 million (US$6.5 million) in the financial year – an improvement of 35% compared with the year before.