Japan's Intage sees 3.7% increase in 08/09 sales
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Revenue up to ¥34.35bn but profit falls 2.1% to ¥1.73bn
JAPAN-- Marketing research agency Intage has posted sales up 3.7% to ¥34.35bn ($348.8m) for the year ended 31 March.
Operating profit was virtually flat at ¥3.32bn ($33.7m) while net income fell 2.1% to ¥1.73bn ($17.6m).
The results were in sharp contrast to the previous 07/08 financial year, where sales were up 7.5%, operating profit climbed 13% and net income rose 8.5%.
Looking ahead to the year ended 31 March 2010, Intage forecasted flat sales growth for the first six months and double-digit profit declines. It expects to see a pick up in the second half, however, with sales finishing the year up 2.7% and earnings up 3.2%.
Earlier this year, Intage bought Chinese agency Hyperlink in a $11m deal.
Author: Brian Tarran
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