Record financial performance for the year ended 30 June 2013
Webevents Limited, a wholly owned subsidiary of Ingenuity Digital Holdings, reported record results for the year ended 30 June 2013. Revenue was £6.2 million, up a staggering 35% on the previous year.
Trading performance was ahead of expectations and the forecast for the next financial year is also positive. Revenue growth has been achieved through a combination of significant new client wins and the retention of the business’ core clients. Cost savings and efficiency improvements facilitated by continuing technological investment and innovation have contributed to improved profitability.
Commenting on the results, Finance Director, Lisa Higham, said “We are extremely pleased with our strong performance in what remains a difficult economic environment. Our investment in product innovation and our ever increasing focus on client service and achieving a return-on-investment for our clients have enabled us to increase our revenues at a time when many in our sector are experiencing extremely challenging trading conditions.”