Russian revenues boost ITE

Corporate event manager ITE Group said yesterday that its third quarter revenue rose 25 per cent, helped by contributions from the biennial Moscow International Oil & Gas exhibition and revenue from the acquisition of an event organiser in Malaysia. The British company, which organises around 200 trade exhibitions and conferences each year in 14 countries, gets almost half its revenue from Russia. Revenue for the quarter ended 30 June increased to £95m from £76m a year earlier.