LONDON (ShareCast) - Advertising agency M&C Saatchi said a string of new business wins helped it report improved full year profit as it looks to future trading with confidence.

Pre-tax profit rose 6% to £9.3m for the six months ended June 30th 2013 while revenue increased 5% to £87.1m. Earnings per share increased 8% to 8.58p.

UK revenues rose 8%, Europe like-for-like (LFL) revenues jumped 21%, Asia and Australasia LFL revenues fell 3%, Middle East and Africa LFL revenues soared 54%, while in the Americas LFL revenues advanced 24%.

Chief Executive David Kershaw said: "M&C Saatchi has continued to make good headway over the first six months of 2013. This stems from new business wins and flourishing new businesses. We delivered good earnings growth, whilst maintaining investment across our new offices."

The group opened new offices in Abu Dhabi, New York and Stockholm.

"Looking ahead, we are confident that we will continue to make progress in 2013 and beyond. The strategy continues to deliver," the group added.

The board has recommended that the interim dividend is increased 10% to 1.21p.



CJ

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