Corporate event manager ITE, which gets almost half its revenue from Russia, said Tuesday that it experienced good trading conditions in its principal markets and remains confident in the full-year outcome.
The group said revenue in the third quarter rose 25 percent, helped by contributions from the biennial Moscow International Oil & Gas exhibition and revenue from Metaltech, which the company acquired earlier in the year.
Revenue for the quarter ended June 30 rose to 95 million pounds ($143.49 million) from 76 million pounds a year earlier.
The company said it booked sales worth 184 million pounds for this financial year.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.