ITE Group’s revenues rise 6% in first half

London, 14th May: Recently, ITE Group plc, an international event organiser, released its interim results for the six months ended 31st March 2019. Revenues in the period were £107.8 million (US$141 million), representing growth of 6% on a like-for-like basis.

Profit before tax was £24.5 million (US$32 million) compared to £16 million (US$22 million) in the first half of 2018. In addition, the company’s forward bookings for FY2020 were reportedly up 11%.

In Asia, ITE generated revenues of £13.1 million (US$17 million) in the period, which was 6% lower than the previous year. However, excluding Acetech Delhi, like-for-like growth was up 3%.