WPP REVENUES INCREASE OVER 13%
By Adnews Staff
WPP Group of London has reported a 13.2% rise in revenues for the first quarter of the year. Revenues were $311 million(US), compared to $283 million a year earlier. Gross profit during the quarter increased 14%, with the company's public relations agencies being the fasted growing segment. Information and consultancy revenue was up 21%, specialized communications jumped 19%, while advertising lagged behind with a 7% revenue increase. Net new billings rose from $619 million to $644 million.
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