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Exhibitions organiser ITE sees 9.8 pct fall in full-year revenue

Wed, 01st Oct 2014 06:48

Oct 1(Reuters) - Exhibitions organiser ITE Group Plc said it expected full-year revenue to be 9.8 percent lower as astrong pound continued to hurt the group in the fourth quarter.

The company, which organises over 230 exhibitions andconferences each year, said it had booked revenue of about 60million pounds ($97.18 million) as on Sept. 26, for financialyear 2015.

The company reported a 7 percent like-for-like revenue fallin the fourth quarter ended Sept. 30. It said it expectedfull-year revenue at about 174 million pounds, and a headlinepretax profit ahead of current consensus.

(1 US dollar = 0.6174 British pound) (Reporting by Noor Zainab Hussain in Bangalore; Editing bySunil Nair)

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