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TNS Results Excellent All Around
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18/09/00
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Taylor Nelson Sofres has reported excellent interim results for the six
months ended 30 June 2000. Turnover and pre-tax profit increased by almost a
quarter with good underlying revenue growth registered in all business
regions and sectors.
Turnover increased by 22.5% to £215.1m, whilst profit before tax (before
goodwill amortisation) climbed by 22.8% to £15.6m. Earnings per share
(before goodwill amortisation) rose 22.2% to 2.8p.
The margin improvement reflects continued cost efficiencies and a changing
business mix.
According to Executive Chairman, Tony Cowling, "The first half of the year
represented solid progress across all regions and sectors. These results
underline the success of our strategy and the benefits we are deriving from
developing our specialist sectors into worldwide businesses, through our
global network. We continue to build our continuous and syndicated
services, while focusing our additional development spend on Internet
solutions.
Our markets are maintaining similar growth rates to last year and progress
so far in the second half indicates that we are on track to achieve
anticipated levels of performance."
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