Strong growth for WPP comms arms
PR Week UK, Friday, 02 September 2005, 12:00am,
Global marcoms group WPP has reported a 38 per cent jump in pre-tax profits to more than £221m for its 2005 interim results.
The group's PR and PA businesses, which include Hill & Knowlton, Ogilvy PR and Finsbury reported a 15 per cent revenue increase.
WPP's group branding and identity, healthcare and specialist comms division, which includes direct marketing firm OgilvyOne and healthcare marcoms specialist Grey Healthcare, saw a 22 per cent rise in revenues. Group revenue for the six months ended 30 June 2005 was up 21.8 per cent.
WPP said economic conditions were good in the US, Central and Eastern Europe, Latin America, Asia Pacific, Africa and the Middle East, but the UK 'remains relatively weak, even against France and Germany'.
The group said its industry was 'becoming increasingly two-paced', with 'slow growth in traditional media' and 'rapid growth in new media'.
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