WPP this morning announced interim results which show that pre-tax profits rose 15% to £78.3 million while revenue remained flat at £830.6m. Net new business billings amounted to over £700m, which is up 19% on last year.
On a regional basis the UK showed the smallest revenue growth – up 1.6% to 19% of the group’s total revenue. This compares to growth of 10.6% in Asia Pacific, Latin America, Africa & Middle East which also accounts for 19% of total revenue. Advertising remains the group’s main revenue earner, bringing in 54% of revenue, which is up 4.5%. The next biggest earner was Specialist Communications which rose 7.3% to 23% of revenue.
WPP: 0171 408 2204
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