WPP Group Profits Rocket 35%

27 February 2006

    The world's second-largest agency holding company, WPP Group, last week reported a 36% rise in 2005 full year pre-tax profits to £669 million ($1.17bn; €982.39m).
    The propellant for this rocketing growth was WPP's acquisition last year of Grey Global Group.
    But organic growth was also evident at the London-based parent of advertising networks Ogilvy & Mather, Young & Rubicam and JWT, with like-for-like revenues up 5.5% and overall revenues rising 25% to £5.4bn.