The results have just been recorded on DueDil.
According to Mark Allen Group, turnover for the group increased by 45% to £27,551,055 and operating profits rose by almost the same percentage from £2,301,577 to £3,328,276.
Much of the growth was as a result of the acquisition in April 2014 of Findlay Media. However, there have been some excellent performances right across the board from the other companies in the group, which also include: MA Healthcare, MA Education, MA Business & Leisure and Master Travel.
Chairman Mark Allen said: “These are superb results about which we are delighted. Findlay Media has been a great purchase for us, not only because it is a profitable and well-run company, but because it has helped us to further improve our IT infrastructure and data services.”
He added: “Our company is bucking the publishing trends. That’s because we are a multi-channel communications company, with diverse revenue streams in subscriptions, advertising, marketing solutions, exhibitions and conferencing. In line with many companies we have invested heavily in enhancing our digital products. However, we firmly believe that print is far from dead and our print revenues still represent the largest part of our total income.”
Ben Allen, Chief Executive Officer, said: “We have stuck to our plan of investing in our core products and acquiring strategic targets, which has fueled the development of the group. We have recently acquired the Optician from Reed Business Information, as well as The Airport Publishing Network from its founders Tim and Jean Ornellas, who remain with the business, which will provide additional growth in the results for 2016”.
