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ITE Revenue Up 25%

By The Moscow Times

Corporate event manager ITE, which gets almost half its revenue from Russia, said Tuesday that it experienced good trading conditions in its principal markets and remains confident in the full-year outcome.

The group said revenue in the third quarter rose 25 percent, helped by contributions from the biennial Moscow International Oil & Gas exhibition and revenue from Metaltech, which the company acquired earlier in the year.

Revenue for the quarter ended June 30 rose to 95 million pounds ($143.49 million) from 76 million pounds a year earlier.

The company said it booked sales worth 184 million pounds for this financial year.

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