Adjusting for acquisitions and biennial shows, on a constant currency basis the Group achieved underlying like-for-like revenue growth of 9% in the quietest half of the Group’s biennial cycle.
Adjusted profit before tax was £3.0 million (2013: £3.9 million; 2012: £1.8 million), which compared with 2012 reflects strong revenue growth in the portfolio together with the enhanced operational gearing as a result of the move towards higher growth markets. The Group incurred exceptional costs of £0.2 million (2013 £0.4 million) in respect of completed and pending acquisitions. Profit before tax was £0.3 million (2013: £0.8 million).
For the full RNS click Tarsus