Global advertising and communications group, WPP, has this morning posted interim financials in line with expectations, at the same time confirming a 555p per share offer for UK-based media and communications group Tempus.
Pre-tax profit at WPP rose by 80% to £247.6 million, whilst revenues rose by 65% to £1.997 billion for the six months to 30 June 2001. The group says it has added net new business worth almost £900 million during the period.
Regionally, the UK saw profits before interest and tax rise by 37.7% to £38.7 million, whilst US profits were up 77.9% year on year for the six month period at £86.3 million. Advertising-related revenues were up by 6%.
At 3:20pm today shares in WPP were up 5˝p at 668˝p.
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