Chime posts good news

Chime Communications has bucked the trend of downbeat updates from marcoms groups by revealing double-digit first-quarter rises in ope­rating income and profit.

Chime Communications' Lord Bell
Chime Communications' Lord Bell

Chairman Lord Bell said first-quarter operating income rose 13 per cent year on year, while operating profit margin increased to 17.2 per cent.

The interim earnings rel­ease puts Chime’s fortunes in contrast with its contemporaries. WPP Group and Interpublic Group ­reported Q1 revenue drops of 5.8 per cent and 5.6 per cent respectively.

Chime’s statement also admitted the loss of the 2012 Olympics marketing comms contract to McCann Erickson.

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