Chime Communications has bucked the trend of slumping corporate
revenues and profits, posting a set of record half-year figures.
The company unveiled its six-month accounts on Tuesday, with income up
37 per cent to £50.9m and pre-tax profit up 31 per cent to £8.4m.
Most astonishingly, the firm's groupwide profit margin crept up
fractionally to almost 18 per cent.
'We have continued our growth rate for the first half of 2001,' chairman
and CEO Lord Bell said.
'People have talked about a slowdown in PR but we have not experienced
'Sure, the growth rate will get slower for the second half of the year
because times are harder, but that just means we have to be more
competitive,' he added.
In a statement, the company said: 'Overall our PR businesses have
experienced some client expenditure delays but their performance has
been more than satisfactory.'
The PR businesses - Bell Pottinger Communications and the Good Relations
group, which includes QBO - saw operating profit climb by 42 per cent.