UBM Says Outlook Stable As It Takes More Of Its Business Digital
March 5, 2010Revenues and profits are down for United Business Media, but the company says its future outlook is stable as it focusses more on emerging markets and diversifying its business even further away from its print legacy. It also benefited from a better-than-expected bill from the UK tax man. For the year to December 31, revenues were £847.6 million, a fall of more then 4 percent from 2008’s figure of £887 million, while operating profit was £171.2 million, a drop of 1.3 percent.
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