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Financial strategies - Essay Example

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Summary to essay on topic "Financial strategies"
that is actively engaged in “conferences and courses in the world” (Unaudited interim report for the six months ended 30 June 2009 2009, p.2). The second company whose event management financial status would…
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Download file "Financial strategies" to see previous pages... or events during this financial year and is poised to hold much more in future due to the tremendous encouragement and support it has been receiving for its events, both large and small. AoC Management Services conference and events team focus on arranging conferences and meets of all shapes and hues,
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right from small workshops for 10 delegates to major residential events for up to 1500 delegates. It is seen that 50% of these events are run on an annual basis, such as the AoCs Annual Meets and the AoC Human Resources Conference. The team also organizes a variety of national events based on current issues faced by the educational institutions in this sector. There are events that range between one to three days, and regularly include entertainment, gala dinners, awards ceremonies and special activities for delegates.
On the other hand; Informa Plc has nearly 49% of their business from event management programs while the rest of the business is from training and general management consultancy services. Background of both companies: For Informa Plc, Revenues for the first half year 2009 was £636.3m, which is 1.4% higher than the corresponding period in 2008. Similarly, adjusted profits were higher at 4.6% reaching £146m. It is believed that the relative strengthening of US $ and Euro € has been the major reasons for the improved performance during the first half of the year 2009. Its real effect, however, has been in terms of contributing dramatically or staging recoveries, to a certain extent. Thus the losses caused by strengthening of Pound Sterling during earlier periods were balanced. However, it is seen that its operating profits have declined in the year under reference, coming down from £77.7m in the first half of 2008 to just £61.1m during the corresponding period in the year 2009, showing a fall of £16.6M. There are several factors which could explain this decline in profits, including £10.8m of business restructuring costs and yet another £ 50m ...Download file "Financial strategies" to see next pagesRead More
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