Haymarket manages to double profits in FY 2021

London, 17th January: Earlier this week, London-based media, data and information company, Haymarket Media Group, released its financial results for the financial year ending 30th June 2021. The group reported net profit of £16.5 million (US$22 million) – more than double the £8.3 million (US$11 million) recorded the year before.

The company’s revenue in the year was £147.7 million (US$204 million), representing year-on-year growth of 3.4%. Half of its revenues were generated in the U.S., 40% from the U.K. and 10% in the rest of the world. Over 90% of its revenues were from it medical media business. The company had a net cash of £37.9 million (US$52 million) as of 30th June 2021, up from £24.8 million (US$34 million) in the previous year.