6 January 2011
By Oliver Luft
Business publisher Centaur reported this morning that group revenue had risen 15 per cent year-on-year in the first half of its new financial year.
Publishing a trading update ahead of interim results scheduled for 24 February, the company said it had maintained the strong growth reported at its AGM in November with group ad revenue increasing 17 per cent year on year in the period.
Centaur, which publishes titles including Marketing Week, The Lawyer and Creative Review, said it recorded a notable increase in recruitment advertising, which was ahead by almost a third, reflecting strong growth in the legal and marketing communities.
Excluding recruitment, Centaur said its strongest growth rates were achieved though web-based display advertising – led by financial product advertising for which revenues are more than 30 per cent ahead year-on-year.
Event revenues increased by around 13 per cent year-on-year, the company said.