NEWS: Chime bells ring to the sound of record profits

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.

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

June 1995.



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.



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