Aegis reports dip in revenue and profits

Aegis Group has reported a 10.8% dip in revenues over the past six months to 30 June.

Pre-tax profits have subsequently fallen by 22.6% to £43.5 million.

In a statement, the group stated that “market conditions are expected to remain difficult and we are not forecasting on the basis of any upturn in the second half”.

The company has sped up its cost-cutting plan, especially within market research and anticipates that this will leave it confident that full-year profit will be in line with market expectations.

In March, Aegis cut 5% of its global workforce words to link, around 780 employees, to cut costs in the economic downturn.