The Group’s trading for the first three months of the financial year has been ahead of management expectations despite the relative strength of Sterling against our major trading currencies.
Revenue for the three month period to 31 December 2013 was £36.3m, (three months to 31 December 2012: £28.7m). This year’s first quarter result reflects a stronger biennial pattern than the previous year and favourable timing on events in Central Asia. On a like-for-like basis (unadjusted for currency movements) revenues for the quarter are ahead of the comparative period by 10% (15% on a constant currency basis), with the strongest growth coming from Central Asia, followed by Russia.
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