NEC Group delivers jump in profits and forecasts more to follow
Events and leisure group NEC has increased earnings by 10% as it continues the strong profitable growth of the business.
The group was bought by LDC from Birmingham City Council for £307m in 2015 and there are reports of an £800m-plus sale being considered for next year.
Under LDC's ownership, revenues have increased by more than £30m and earnings, as measured by EBITDA, have jumped by almost the same amount.
NEC Group chief executive Paul Thandi welcomed "another exceptional year" and said his team "remain excited at ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
