City news everybody. Ever expanding music and marketing firm the MAMA Group has announced its interim financials for the half year up to 31 Jan. Among the headlines from the financial report are that their turnover increased by 132%, that profit was just over £1 million, that the live division tripled in size, and that there was a significant increase in the company's festival assets.
MAMA bosses Adam Driscoll and Dean James told CMU: "We are delighted to be reporting a further profitable result for the period and we expect to deliver a strong set of results for the second half of the year, where we are now seeing the real growth that we expected from the live venue acquisitions being delivered".