AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
WPP posts 40 per cent net profit rise.(WPP Group PLC)
Sir Martin Sorrell's WPP delivered a net profit increase of more than 40 per cent last year on the back of huge billings growth and an improving global economic climate.
And the group is predicting an equally strong performance in 2005, with revenue growth of 3 per cent to 4 per cent as a result of business coming out of the world's emerging economies, where WPP has a strong presence.
'We feel very comfortable looking into 2005,' Paul Richardson, the WPP finance director, said. WPP's communications empire includes JWT, Ogilvy & Mather, Young & Rubicam and, most recently, Grey Global Group.
His comments followed the company's announcement that its pre-tax profits had risen to pounds 546 million from pounds 473.4 million in 2003. Revenue rose by 5 per cent to pounds 4.3 billion, while margins increased from 13 per cent to 14.1 per cent.
Analysts say WPP is poised to benefit from its market-leading position in the rapidly emerging markets of Brazil, India, China and Russia. WPP is concluding a deal in Russia that will make it the largest group of its kind in the region.
At the same time, the company is dominating the burgeoning area ...
- WPP has taken a 36 per cent controlling stake in Korea's second-largest ad...
- Magazine article from: Marketing Week December 5, 2002 700+ words
WPP has taken a 36 per cent controlling stake in Korea's second-larger ad agency, LG Ad. LG Ad employs more than 500 people. Its major clients include LG Electronics, LG Chemical, LG Telecom, LG Group, Korean Air, Daehan Investment & Trust and Nike.
- WPP-owned Red Cell. (Digests).(49 per cent stake in troubled ad agency HHCL &...
- Magazine article from: Marketing Week January 9, 2003 700+ words
WPP-owned Red Cell will take a 49 per cent stake in troubled ad agency HHCL & Partners. The move will give Red Cell management control of HHCL.
- WPP Group has acquired a majority stake (77 per cent) in French packaging. (In...
- Magazine article from: Design Week April 12, 2001 700+ words
WPP Group has acquired a majority stake (77 per cent) in French packaging and retail design consultancy CBA and raised its stake in the Tempus Group, parent company to design consultancy BrownKSDP and marketing group Added Value.
- WPP has beaten forecasts for third-quarter revenue growth with total revenues...
- Magazine article from: Design Week October 28, 2004 700+ words
WPP has beaten forecasts for third-quarter revenue growth with total revenues up 4 per cent. Branding and identity grew by 13 per cent together with healthcare and specialist communications.
- WPP shares shine as new business doubles.(News)
- Newspaper article from: The Birmingham Post (England) City, ROBERT LINDSAY October 26, 1999 700+ words
...work towards the 15-16 per cent margins achieved by top...Interpublic and Omnicom Group. WPP has targeted 14 per cent in 2000, having raised its...grew more than seven per cent - stronger than the first half. WPP's advertising, media planning...
- WPP's valuation destiny to be determined in US.
- Magazine article from: Marketing Week Pitcher, George July 20, 2000 700+ words
...view. IPG's shares have risen 45 per cent; Omnicom is up 75 per cent, while WPP has turned in an increase of 180 per cent...historically are IPG and Omnicom. But WPP now finds itself 40 to 45 per cent owned by Americans, a high proportion...
- WPP blows its own trumpet over profits.(News)
- Newspaper article from: The Birmingham Post (England) Williams, Philip August 17, 1999 700+ words
...of five to six per cent," WPP said. The company...slipping 1.6 per cent as economic crises...bite. By sector, WPP's core advertising...rise of 26.1 per cent for public relations and public affairs, WPP's smallest but fastest...
- WPP warns over slowdown and war.(Business)
- Newspaper article from: The Birmingham Post (England) February 25, 2003 700+ words
...constant currency basis, were down 5.9 per cent. WPP, whose clients include US carmaker Ford and...per cent. Having driven margins from six per cent to 14.5 per cent in the 1990s, WPP has since seen its margins fall back. But Mr...