Chime Communications, the holding company for Sir Tim Bell’s PR
companies, attributed a 15 per cent hike in half year operating profit
to strong organic growth.
The group, which includes Lowe Bell Consultants, Lowe Bell Financial,
Lowe Bell Political and Lowe Bell Good Relations (LBGR), saw operating
profit increase to pounds 1.4 million for the six months to 30 June,
compared with pounds 1.21 million for the the six months to the end of
Operating income was up by 18 per cent from pounds 9 million to pounds
10.64 million on the back of new business wins such as the Embassy of
Bahrain by Lowe Bell Consultants and the return of the Welsh Development
Agency to LBGR.
LBGR’s record first half, was, said Bell, a testament to the success of
the restructuring in 1995 and the merger with KBH Communications.
Despite the strong showing for the group, Bell admitted that operating
margins and operating income per employee were slightly down as a result
of some expensive hirings. However, he said, he expected both measures
to have recovered by the time of the company’s annual results.
* Ian Wright, head of PR for Boots Healthcare International, confirmed
he has been approached to join Lowe Bell Good Relations as a director
but that he declined because of family illness.