WPP profits up as ad market grows
Published 25/08/2010 | 05:00
A TURNAROUND in the US advertising market helped drive a jump in half-year net profit for WPP, the world's largest advertising company. The recovery also contributed to the group posting a profit across all its divisions for the first time since before the downturn took hold. Net income rose 39pc from a year earlier to £150.8m (€183.9m), the owner of Ogilvy & Mather and Grey Group agencies said in a statement. Sales rose 3.5pc to £4.44bn.
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Fall in mortgages drives decline
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