18th Mar 2016 07:42
LONDON (Alliance News) - Advertising agency M&C Saatchi PLC on Friday delivered higher pretax profit and revenue for 2015, with growth across its regional operations.
The group said its pretax profit for the year to the end of December was GBP20.1 million, up 17% from the GBP17.2 million posted a year earlier, as revenue increased 6.0% to GBP178.9 million from GBP169.4 million.
UK revenue grew, with customer engagement and mobile sales continuing to increase, though operating profit in the unit was flat due to the restructuring of its advertising agency. Like-for-like revenue grew in Europe and the Middle East in the year, while the Americas proved very strong and revenue grew in Asia & Australasia, despite a currency drag.
The firm said it will hike its final dividend 15% to 5.60 pence per share, taking its total dividend up by the same percentage to 7.21p.
"2015 was another year of outstanding progress for M&C Saatchi. Our proven strategy of winning new business and starting new businesses continues to deliver with the group producing record revenue and profits," said Chief Executive David Kershaw.
"The current strong performance across the global network positions us well for the future. We are confident we will continue to make good progress in 2016 and beyond," he added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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