TRO's profits slump after 'disruptive' Olympics

TRO has posted a slump in profits after its event activity was disrupted by the 2012 Olympics, but the agency is predicting a buoyant 2013.

TRO's profits slump after "anomalous" Olympic activity
TRO's profits slump after "anomalous" Olympic activity

TRO achieved a turnover of £24.12m in 2012, compared to £25.5m in 2011, with gross profit at £9.74m the year.

Meanwhile, post-tax profit fell to £1.86m, from £2.06m in 2011, due to what TRO managing director Rob Allen called an anomalous year.

He told C&IT: "Due to the Olympics a lot of our regular event activity was disrupted. We were very busy setting up offices in countries including China and Australia, which will lead to a boost in 2013."

Allen added that 2011 was an unusually bouyant year for business.

As previously reported, TRO expanded into China and Australia last year and appointed a new business development director.

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