Saatchi profits climb 21.1%

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Saatchi & Saatchi, London, said its ongoing operating profit rose 21.1% in the first half, vs. a year ago, to $21.2 million. Ongoing revenue climbed 11.7% to $308.4 million. North American revenue accounted for about half of the total, rising 14.4% to $153.5 million. Saatchi garnered net new billings of $250 million in the period, more than doubling its performance of a year ago.

Copyright August 1999, Crain Communications Inc.

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