UBM show arms turn in good performance

United Business Media's (UBM) exhibition divisions have performed well despite the group overall diving £568m into the red.

According to the company's preliminary results for the year ended 31 December 2001, CMP Asia had a strong year reporting a 20% increase in turnover to £48.9m, with pre-tax profits up from £13.9m to £14.6m in the same period.

CMP Information, which organises International Confex, saw turnover creep up from £130.5m in 2000 to £130.8m, but pre-tax profits fell to £6.8m from £8.7m.

CMP Asia sought to branch out of its Hong Kong core market and in September bought Japanese exhibition and publishing outfit KSS, which specialises in the health food ingredients and natural healthcare markets.

CMP Information bought the UK Flooring Exhibitions business, which comprises three shows. It also launched three exhibitions - Built Environment, AI2001 and the BFM London Summer Furniture Show.

UBM chief executive Lord Hollick said: "2001 was one of the toughest trading periods we have experienced as the slump in technology advertising halved group profits. The good news is that we have grown market shares, substantially reduced the cost base for 2002 and invested in many new products and services."

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