Global advertising and communications company, Cordiant Communications, has this morning reported an increase in pre-tax profit of 32% to £32.3 million for the twelve months to 31 December 1999. The group, which counts Bates Worldwide and a 50% holding in Zenith Media Worldwide amongst its businesses, said that headline earnings per share were up from 6.2p to 8.2p over the year.
Michael Bungey, chief executive of Cordiant, said: “These are the best results we have achieved to date. Two years ago, as a new Group, we set ourselves some demanding targets: not only have we met them but we are now able to set ourselves new, even more demanding ones. The opportunities of the digital age are a major strategic focus for the next stage of our growth.”
Cordiant Communications: 020 7262 4343
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