13th Nov 2013 11:27
LONDON (Alliance News) - Centaur Media PLC Wednesday said that it had seen increased revenues in the four months to October 31, as trading remained in line with expectations.
Centaur Media is a publishing, events and marketing company. Revenues increased 6% during the period, the company said, boosted by new event launches and growth in digital and paid for content products. Centaur Media didn't provide any revenue figures in its statement Wednesday, just percentage changes.
The company continued to shift its business towards digital and events, which now account for 71% of its business. Print revenues now only account for 28% of total revenues, decreased from 31% in the previous year.
In its Marketing segment advertising revenues continued to decline, but subscription revenues grew 30% across its Econsultancy and Profile products. In Centaur's Professional segment events revenues were boosted by the launch of two new shows, The Meetings Show and The Laywer Management awards.
In its Financial and Consumer segments, advertising revenues from its Money Marketing and Mortgage Strategy websites grew, reversing a rapid decline in the previous year. Consumer revenues were in line with the previous year as print and digital revenues were offset by weaker events revenues.
Shares in Centaur were trading up 0.17 pence at 55.92 pence Wednesday morning. It expects to publish its half-year results during the week beginning February 17, 2014.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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