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CIA Group Report Healthy Profits

CIA Group Report Healthy Profits

CIA Group PLC, Europe’s second largest independent media buyer, has published its preliminary results for the year ending 31 December 1996.

The Group saw turnover rise 28% last year to £774 million. Pre-tax profits were £7.5 million, the 12% rise was attributed to new business wins. Multinational account wins include Shell, Wrangler, Swatch, Ericsson and products of Lever. Earnings per share were 7.88p; resulting in a total dividend for the year of 2.35p.

Chris Ingram, chairman of the Group said: “We believe we now have in place all the ingredients necessary to become a major global player in the next few years. It is for this reason that we have set ourselves the target of being in the world’s top six buyers of media within the next four years.”

CIA: 0171 633 9999

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