By Greg Hazley
PR Newswire parent company United Business Media today reported a 4.9% rise in 2010 revenues to £889.2M, including a 12.3% increase at PR Newswire, on strong growth in emerging markets like China, India and Brazil.
UBM, which reports the non-GAAP adjusted operating profit, said that figure was flat at £171.8 in part because it shelled out £258M for 22 acquisitions last year.
In the U.S., PRN turned in a "resilient" performance, the company said, posting a nearly 3% increase in revenue. UBM’s targeting, distribution and monitoring division, which includes PRN as well as IR services like EDGAR filing and website production, represents about 20% of the company’s revenue and a quarter of its profit as it posted revenue of £181.2M for 2010.
UBM said paid queries to PRN’s ProfNet source service also increased last year.
Acquisitions last year included PRN operations in Brazil and Argentina and the media monitoring company dna13.
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