WPP has published its preliminary results for the year ending 31 December 1996. The results show record profits for WPP, now in its eleventh year. The group ranks 105 of all UK companies by market capitalisation.
The international agency saw its profits before tax rise 35% to £153.3 million; operating profits were up 22% to £182.4 million. The UK division contributed 19% of the total group’s revenue and revenue grew by 7.1% year-on-year.
Overall the group’s turnover rose 8% to £7.1 billion. These positive results have meant that earnings per share are up 46% to 13.3p from 9.1p; the final dividend is 1.144p net per share.
WPP Group plc: 0171 408 2204
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