World's biggest ad company WPP reports profits up 36%

asd2

WPP, the world’s largest advertising business, has reported a 36 per cent year-on-year increase in pre-tax profits during the first six months of the year.

The company said that pre-tax profits stood at £244m in the first-half of the year as revenue rose 3.5 per cent to £4.4bn.

WPP said that the first seven months of 2010 saw a significant recovery in revenue growth and profitability, with monthly improvement in like-for-like revenue growth, except for a minor drop in June which had recovered by July, which showed the strongest growth of all, up almost 7 per cent.

Trading conditions in the UK improved substantially in the second quarter for the year, the company said, with like-for-like revenues up almost 7 per cent on the same period last year.

Like-for-like revenue was down one per cent in the first quarter in the UK, WPP said, and 2.8 per cent down in year to date.

Comments
No comments to display

Leave a Reply

Your email address will not be published. Required fields are marked *

six − five =

CLOSE
CLOSE