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WPP Posts Strong Results Despite Asia Slump

WPP Posts Strong Results Despite Asia Slump

Advertising and marketing group WPP has shrugged off the downturn in the Far Eastern market to report rising global sales and profits.

The group, which includes the leading advertising agencies Ogilvy and Mather and JWT, said improvements in business in Europe and the US offset any effects of the Far Eastern economic slump.

WPP saw sales increase from £830.6 million to £900 million for the year to 30 June while profit before tax was up 20% from £78.3 million to £93.8 million.

WPP Group: 0171 408 2204

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