NEWS24 August 2011

WPP reports insight revenue up 1.3%

Financials UK

UK— WPP’s consumer insight division has posted a 1.3% increase in revenue for the first half of 2011, with performance impacted by slower growth in the US, UK and Japan in the second quarter.

Better news came from Latin America which saw “particularly strong growth”, as well as good performances in Asia Pacific and Africa.

Revenue in the insight division, which is made up of Kantar, TNS, Millward Brown, Added Value and Lightspeed Research among others, grew 2.6% on a constant currency basis to £1.18bn, or 2.3% on a like-for-like basis.

Headline profit before tax was up 5.9% to £88.7m.

For the group as a whole, revenue rose 6.1% to £4.7bn.