Online boosts Centaur
Strong growth in its online business has helped business publisher Centaur Media lift revenues in the first four months of 2008.
Reveues are approximately 3% ahead of the same period in the prior year, led by continued growth in online and events, it said, despite a decline in print advertising revenues due principally to further deterioration in the mortgage market and some reduction in the level of recruitment advertising in its magazines.
There was a strong performance from its magazine-branded websites, where advertising revenues have risen by 17% in the period. This includes an accelerated rate of growth in online recruitment advertising, which has more than offset the decline in print recruitment advertising.
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Events revenues have delivered double digit growth in the four month period, recovering from a first half decline.
The board expects the group's results to the year ending 30th June 2008 to be in line with expectations.
