Jan 29 (Reuters) - ITE Group Plc, a trade exhibitionand conference organiser, said full-year like-for-like volumessales in its biggest market Russia were running 20 percent lessthan this time last year, hurt by the fall in oil prices and aweak rouble.
ITE, which earns about 70 percent of its revenue in roublesand euros, said it had contracted 85 million pounds ($128million) of revenue for the year ending September, using anexchange rate of 95 roubles to a pound.
"Trading conditions in Russia have deteriorated over thepast two months ... This has affected both international anddomestic exhibitors," the company said. ($1 = 0.6602 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing byGopakumar Warrier)
