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Marcus Evans profit up 27 per cent to £1.9m

Turnover has increased by 4 per cent due to "an increase in the number of attendees and delegates at events"
17/07/2017

Pictured: Both turnover and profit are on the up at Marcus Evans

Marcus Evans has seen turnover increase by £300k and pre-tax profits up by £400k thanks to an increase in attendees and delegates.

The global business conferences, training and corporate hospitality provider, which has headquarters in London, saw pre tax profit rise by 27 per cent to £1.9m and turnover rise by 4 per cent to £8.3m.

At the same time, administration expenses fell 10 per cent from £2.6m to £2.3m, according to figures for the year ended 30 September 2016.

In the strategic report, the company said: "Turnover has increased by 4 per cent due to an increase in the number of attendees and delegates at events. The gross profit margin remains fairly stable between the two periods at 48.7 per cent (2015: 48.8 per cent).

Marcus Evans produces business summits, webinars, professional training, sports hospitality and strategic conferences and employs 3,000 staff worldwide. Its B2B events portfolio includes more than 500 summits and conferences annually.

On 14 November 2016, Kevin Mallon resigned as a director of the company. In August 2016, Mallon was arrested in Rio de Janeiro over alleged Olympic Games ticket touting, but has since returned home to Ireland.


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