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ITE Group warns on H1 revenue due to weak trading in Ukraine, Russia

Wed, 01st Apr 2015 06:27

April 1 (Reuters) - ITE Group Plc, a tradeexhibition and conference organiser, said it expected itsfirst-half revenue to be about 21 percent lower than a yearearlier due to weaker trading conditions in Ukraine and Russia.

The company, which has been hurt by tensions between Russiaand Ukraine as well as a weaker rouble, said it expected revenueto be about 56 million pounds in the six months to March 31,lower than the 71 million pounds it posted a year earlier. (Reporting By Mamidipudi Soumithri in Bengaluru; Editing byAnupama Dwivedi)

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