Huntsworth reflects sector boom

Huntsworth this week provided the latest evidence of the rude financial health of major PR agencies - posting six per cent like-for-like revenue growth for the first half of 2006.

Lord Chadlington's PR group revealed that it bagged £30m of net new business in the six months to 30 June.

‘They're really very good numbers, highlighting pick-up across the industry,' said Lorna Tilbian, executive director at Numis Securities.

Chime last week posted a revenue increase of 8.5 per cent for the first six months.

Tilbian said: ‘The difference can be explained by Huntsworth's extra European business, and Europe is very much at the start of a business cycle.'

She added that PR firms tend to do well in the middle of a business cycle, where Britain finds itself.

Huntsworth's underlying pre-tax profits rose to £8.6m, compared with £3.6m in the same period last year. Chadlington said PR operating margins, before central costs, were 20.4 per cent.

Click here to download the full 2006 interim results

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