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Drop in delegates hit Coaltrans' bottom line

Conference organisers feel the effect of falling numbers at events, as profit drop by 16 per cent
17/02/2014

Fewer delegates attending events organised by Coaltrans Conferences led to a drop in profits for the London-based company.

After its operating profit plunged by almost a sixth last year, the firm - which turns over more than £10m organising conferences for the coal transportation business - pledged to jettison its poorer performing events in 2014.

For the year ending 30 September 2013, Coaltrans' revenue fell by 4 per cent and operating profit declined by 16 per cent.

A report from the company's directors blamed the decrease on 'fewer delegates attending in the financial year', adding that Coaltrans' major European event saw gross profit decline by £361,458, while a sister conference in Asia made a loss of £95,723.

"The directors expect to hold a similar number of events in the year ending 30 September 2014," added the report. "The focus for new events will be in the coal sector. Weaker events that were held in the year ended September 2013 will not be repeated."

Coaltrans, which employs 18 staff and is owned by the Daily Mail and General Trust (DMGT) group, had a turnover of £10,419,028 in 2013, compared with £10,889,075 the previous year.

The profit for the year fell from £3,182,940 in 2012 to £2,751,474 in 2013.

Coaltrans events for 2014 include the 20th Coaltrans Asia in Bali in June, Coaltrans South America in Columbia in September, and the 34th Annual World Coal Conference, which will be held in Denmark's Bella Centre in October.


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