WPP posts 20% profit increase on global market share gains. (WPP Group PLC)

Article Abstract:

United Kingdom-based world's largest advertising agency WPP Group PLC reports a $212.8 million in pretax profit for 1998. According to WPP Group, the 20% increase in profit is the company's market share reflected in nearly 6% global growth in marketing and advertising industry earnings.

Comment:

Reports pretax profit of $212.8 million, a 20% increase.

Market information - general, World, Finance

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WPP's revenue jumps 26%

Article Abstract:

WPP Group PLC of the United Kingdom posted third quarter earnings of 1.35 billion Euros ($2.39 billion), an increase of 26 percent. The advertising agency is considering acquisitions with Aegis PLC and Hellman and Friedman.

Acquisitions & mergers, Agencies, Mergers, acquisitions and divestments, Company acquisition/merger, Company sales and earnings, Company earnings/profit

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