Saatchis And CIA Announce Profits

Yesterday Saatchi & Saatchi announced an increase of £7.4m to £9.1m in the pre-tax profits for the 6 months to the end of June.

Revenue was up 11.5% to £404m although favourable currency movements had been responsible for virtually all of the 13.4% improvement in continuing operations.

Revenue for the whole of 1993 was expected to be similar to last year’s £748m, excluding currency movements.

CIA Group yesterday announced pre-tax profits of £1.89m in the 6 months to June 30, from £1.87m. Turnover rose to £122.9m, compared with £116.3m for the same period last year.