United Business Media’s net profit falls 5.3 percent; says ’11 starts well


LONDON, Britain’s United Business Media posted a 5.3 percent drop in full-year adjusted before-tax profit, reflecting a lower margin as it invests in emerging markets, and said it had made a good start to the new year. The events and publishing group on Tuesday reported adjusted pretax profit of 156.4 million pounds (US$254.7 million) on revenue 4.9 percent higher at 889.2 million pounds. UBM, whose businesses include the Hong Kong Jewelry & Gem Fair, PR Newswire and the OAG aviation guides, said its “robust” performance was bolstered by 20 percent revenue growth in China, India and Brazil.