ITE Group plc announced unaudited consolidated earnings results for the six months ended March 13, 2013. The company's revenues for the first six months of the year were GBP 69.4 million against GBP 68.6 million a year ago and headline profits before tax were GBP 11.1 million against GBP 13.1 million a year ago, reflecting good growth in ITE's main markets, but offset by changes in event timing and the expected weaker biennial pattern in the first half of the year. On a like for like basis, revenues and headline profits before tax for the first six months increased by 11%. Headline profit before tax for the six months of the year was GBP 11.1 million against GBP 13.1 million a year ago. The principal factors affecting the change in profits were changes to the timing of events and the biennial pattern (-GBP 3.6 million), newly acquired businesses which contributed GBP 0.5 million to headline profit before tax and organic growth which contributed a further GBP 1.8 million. Overheads increased by GBP 2.0 million as the Group invested in its infrastructure to support the growth of the business. Reported profits before tax were GBP 2.6 million against GBP 6.3 million a year ago, reflecting the changes to the timing of events and the biennial pattern, together with an increased amortization charge. Fully diluted earnings per share for the first six months were 0.9 pence against 2.1 pence a year ago and headline diluted earnings per share for the first six months were 3.7 pence against 4.3 pence a year ago. Operating profit was GBP 2,634,000 against GBP 6,623,000 a year ago. Profit for the period attributable to owners of the company was GBP 2,212,000 against GBP 5,099,000 a year ago. Net cash generated from operating activities was GBP 37,275,000 against GBP 26,968,000 a year ago. Purchase of property, plant and equipment and computer software was GBP 909,000 against GBP 825,000 a year ago. Capital expenditure was GBP 1,067,000 against GBP 588,000 a year ago.

ITE Group plc has approved an interim dividend of 2.3 pence per share (2012 of 2.1 pence per share) maintaining the Group's progressive dividend policy. Ex dividend date is 3 July 2013. Record date is 5 July 2013. Payment date 8 August 2013.

ITE Group plc announces that Stephen Puckett will join the Board as an Independent Non-Executive Director with effect from July 1, 2013. Stephen, who is a Chartered Accountant, will be a member of ITE's Audit, Nomination and Remuneration Committees. From 2001 to 2012, he was Group Finance Director of Michael Page International plc, during which time he oversaw a period of significant overseas expansion and growth. Stephen is also currently a Non-Executive Director of Hydrogen Group plc and chairs its Audit Committee.