Group revenues in the period of £24.4m were the same as the first four months of 2013. Paid-for content revenues grew by 13% with the accelerating rate of growth underpinned by annualised contract values at 30 April 2014, 18% higher than at 30 April 2013. Advertising and events revenues were impacted by weakness across the Group’s Financial portfolio, its second largest industry sector, where revenues in the period of £4.6m were 15% lower than in the same period last year. Excluding the financial portfolio, Group revenues grew by 5%.
Deferred revenues at 30 April 2014 were £21.2m, 9% ahead of the same period last year. Forward bookings across the exhibitions portfolio in the second half of the financial year are 16% ahead of the same point last year.
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