Huntsworth sees profit rise despite drop in revenues

Communications group Huntsworth unveiled its half-year results this week, posting a 63 per cent rise in profits despite a 4.1 per cent fall in like-for-like revenues.

Huntsworth CEO Lord Chadlington said the group’s operating margins of 17.1 per cent were good when taking into account the cost of acquisitions such as that of Global Consulting Group (PRWeek, 18 October 2002).

Although no separate figures for Huntsworth’s individual companies were available, the company said GCG’s investor relations group had been hit by the Iraq war, as US companies in particular held back investment in IR.

The company also said it still expected the loss-making hatch-group to move into profit by the end of this year.

The acquisition of hatch (PRWeek, 27 June) has boosted the proportion of revenue that Huntsworth derives from PR operations to 80 per cent.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

Hit or Miss? EasyJet backs Shakespeare Day campaign with world record attempt

Hit or Miss? EasyJet backs Shakespeare Day campaign with world record attempt

EasyJet aimed to break the world record for the highest ever theatrical performance for Shakespeare's 450th birthday yesterday with the Reduced Shakespeare Company performing on a flight from Gatwick to Verona.

Top PRs to gather in Barcelona for inaugural PRWeek Global Congress

Top PRs to gather in Barcelona for inaugural PRWeek Global Congress

Senior executives from IBM, Nestlé, Vedanta, GE, Cargill, Philips and Allianz will be among the speakers at PRWeek's first Global Congress.

Max Clifford trial jury reconvenes with majority verdicts direction

Max Clifford trial jury reconvenes with majority verdicts direction

The jury in the trial of celebrity publicist Max Clifford on 11 charges of indecent assault has reconvened after being told by the judge yesterday afternoon that he will now accept majority verdicts.

The latest social media fail case study: #myNYPD

The latest social media fail case study: #myNYPD

The New York Police Department's Twitter fail offers another social media lesson for organisations.