Financial Roundup: Agencies, Media, Major Marketers
Global (calendar H1)
The recently-floated London-based ad agency reported a first-half pre-tax profits rise of 9%, to £4 million ($7.1m; €5.8m), and an overall revenue rise of 10%, to £29.8m, on the back of strong performances in Asia and Australia.
Its Asia-Pacific businesses boasted a 31% revenue rise to £10.9m and an increase in operating profit to £693,000, up fourfold from 2003.
In the first results since its IPO in June of this year, the company revealed a static performance in the UK as account gains such as London Olympics 2012 and fast-food giant KFC were countered by the loss of Rover and discount retailer Matalan.
The US offices posted mixed reports, with revenues climbing to £1.2m but profits slipping significantly from £270,000 to £38,000.
Although the company expects IPO charges and international expansion costs to negatively impact on second-half results, it remains confident of meeting full-year expectations.
USA (fiscal Q1)
Despite engaging in a frenetic fray to acquire rival firm PeopleSoft, it was smiles all round at the Californian software titan as it posted soaring first-quarter profits of $509m (€416m; £285m), up 16% from last year's $440m.
Revenues for the quarter ending August 31 were up 7% to $2.22bn as the company reported strong sales of database software for corporate computing services.
Global (fiscal Q4)
The food giant blamed rising costs for marketing and job cuts for its weak fourth-quarter performance, as profits saw their greatest decline in over two years, falling by 20%.
Despite a $6m gain from a Californian factory sale, the company's net income slumped from $74m to $59m, while sales fell by 1.5% year-on-year to $1.43bn. However, taking into account the fact that sales figures were reported from a fiscal quarter one week shorter than the previous year's, they actually rose 5%.
Campbell's forecast for per-share earnings in fiscal 2005 remains the same as in June, a rise of 5%-7%.
Data sourced from: multiple sources; additional content by WARC staff