Download the 2009 Interim Management Statement
1998, 1999 & 2000
6 Press Releases Found
Informa Australia has today announced the acquisition of Auscom Publishing Pty Ltd for a cash consideration of Aus$1.9 million. Auscom is a Sydney-based publisher, which produces three high quality magazines, including the market leader, CommsWorld, e-Access and Systems as well as a variety of speciality publications. Together with Asia-Pacific Banking Technology which was launched earlier this year, the new titles will form Informa Australia's IT and Telecoms Publishing Unit.
Informa Group's Chairman Peter Rigby commented: "We are delighted to announce a strong set of interim results for the Group which reflect our strength and continuing progress. A key feature of these results is the continued strong organic growth of the business as we exploit the dynamic synergies between our publishing and conference activities."
Peter Rigby, Chairman of Informa Group, commented: "These results for the first half of the year are encouraging. The merger has led to a number of initiatives that have already contributed to the bottom line in 1999. We expect the second half of 1999, combining both organic growth and growth from recent acquisitions, to contribute to a satisfactory result for the year."
Informa Group’s Chairman Peter Rigby commented: "Informa Group performed strongly in 1999. The creative synergies made possible by the merger of IBC and LLP, combined with the generally good economic conditions in our major markets and the continuing growth of electronic delivery has enabled us to deliver profit growth of 19%. "The new year has started encouragingly and trading has been in line with expectations. Our flagship GSM World Congress, held in early February, saw a 31% increase in delegates to over 5,500, and we are looking forward to another good year."
HIGHLIGHTS: Turnover up 9% to £203 million, Profit pre-tax and pre-exceptionals up 29% to £24.8 million, Operating profit on historical basis up 10% to £29.9 million, Final dividend of 4.145p per share, Merger integration on track, revenue enhancements identified, Merger cost savings of £2 million in a full year with a three year cash payback.
IBC Group Plc and LLP Group Plc said they will merge, creating "Informa Group Plc", a 270 million-pound ($450.4 million) company and establish it as global business information provider.
