MDC Partners boasts record Q1 results

NEW YORK: MDC Partners announced a revenue increase of 60% year-on-year for Q1 2011.

NEW YORK: MDC Partners announced a revenue increase of 60% year-on-year for Q1 2011.

The company recorded a total revenue of $217.5 million compared to $135.9 million in Q1 2010, as well as organic growth of 26.5%.

Net income for the group was a loss of $8.7 million compared to $10.2 million in Q1 2010. MDC Partners attributes a majority of the increase to its technology and digital services.

MDC PR agencies include Lime PR and Promotions, HL Group, Kwittken & Company, Attention, Sloane & Company, and Allison & Partners, among others.

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