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Exhibitions organiser ITE's headline pretax profit falls

Mon, 11th May 2015 06:33

May 11 (Reuters) - Exhibitions organiser ITE Group Plc said first-half headline pretax profit fell 3.9 percent,due to difficult trading conditions in Ukraine and Russia, aweaker rouble and the biennial pattern of events.

The company, which organises over 240 exhibitions andconferences annually, said headline pretax profit fell to 17.5million pounds ($26.9 million) for the six months ended March31, from 18.2 million pounds a year earlier.

Revenue fell 21.2 percent to 56.1 million pounds.

As at May 7, ITE had booked revenue of 122 million poundsfor 2015, down from 159 million pounds at the same time lastyear.

($1 = 0.6483 pounds) (Reporting by Noor Zainab Hussain in Bangalore; Editing byGopakumar Warrier)

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