UBM’s profit up 25% in 2017

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London, 28th February: This week, UBM Plc announced its annual results for the year ended 31st December 2017. The company reported revenues of £1.0 billion (US$1.4 billion), an increase of 16% year-on-year. Adjusted operating profits increased by 25% to £294 million (US$397 million).

 

Revenues from annual events were £781 million (US$1.05 billion), representing an adjusted underlying growth of 5.3%. While biennial events in 2017 generated revenues of £86 million (US$116 million), up 3.7% compared to the biennial events in 2015. Management attributed the growth in the annual events to strong growth in Asia. Growth from launches and at Allworld events was also cited. The growth at biennial events in part as due to the inclusion of revenue from Allworld’s biennial events, HOFEX and Food & Hotel Indonesia.

Tarsus’ revenues jump 35% in 2017

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London, 28th February: London-based Tarsus Group, also announced its year-end results for 2017 this week. The group reported revenues of £118 million (US$159 million) – up 35% compared with the results in 2015. In 2017, the company recorded 53% growth of adjusted profit before tax compared with 2015, reaching £40 million (US$55 million). Key highlights include 7% visitor growth across the group’s portfolio and recently completed acquisitions of Connect, Hometex and Intex.

 

In Asia, total revenues in 2017 were £23 million (US$32 million), up from £9.4 million (US$13 million) recorded in 2015. In China, the newly acquired Hometex and Intex shows both performed well, while the biennial Labelexpo Asia recorded strong growth. In South East Asia, where Tarsus’ portfolio performed well, especially the IIICE (Infrastructure) event in Indonesia.

Mega Expo’s revenues fall in first half

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Hong Kong, 23rd February: Last week, Mega Expo, formerly known as Kenfair, a Hong Kong-based exhibition organiser, reported its interim results for the six months ended on 31st December 2017. The company reported revenues of US$9.4 million, down by 20% year-on-year. However, Mega Expo posted a net profit of US$5.8 million in the six-month period, compared with a loss of US$1.5 million in the previous year. Earnings per share for the half year were HK$0.0328 (US$0.0042).

 

More than 75% of Mega Expo’s revenues were generated from its exhibition organising business, amounting US$7.1 million. This represents a decrease of 40% year-on-year. The remaining revenues were generated through its brand management services (US$2.2 million).

Nearly 1,400 MICE events held in Macau in 2017

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Macau, 27th February: Macau’s Statistics and Census Service (DSEC) recently released its MICE statistics for the fourth quarter as well as the full year of 2017. In 2017, a total of 1,381 MICE events were held in Macau. That is 105 events more than in 2016. The total number of participants increased 10% to approximately 1,901,000 in the year.

 

In the fourth quarter of 2017, DSEC reported that 378 MICE events were held in the city, up seven events. The total number of participants and attendees was 694,000, up 42% compared to the same quarter last year.

Shenyang New World EXPO announces strong results

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Shenyang, 28th February: Shenyang New World EXPO, now in its second year of operations, announced that in 2017, the venue hosted nine major events, featuring over 1,700 exhibiting companies and attracting 220,000 visitors. In addition, the venue will hold three major recurring events during March and April. EXPO hosted those three events for the first time last year. Management also announced that adjacent to the venue, two adjoining hotels, a shopping mall, three residential towers and two office towers will open in the coming year.

 

Diane Chen, EXPO’s General Manager, commented, “The success of EXPO’s initial exhibitions during the first year and the interest created by the exhibitors and visitors alike the ongoing potential of EXPO’s future exhibition business. Additionally, regional and national conferences are finding the venue most attractive.”

BOL’s revenues up 9.3% in 2017

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Bangkok, 14th February: Last week, Business Online (BOL), a leading online information service provider in Thailand, reported its financial results for the year ended 31st December 2017. Total revenues were US$13.4 million, representing a 9.3% year-on-year increase. BOL’s net profit grew 5.5%, reaching US$2.3 million. Diluted earnings per share in 2017 were Baht 0.10 (US$0.0029).

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