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Bell Pottinger VCCP

Chime Communications sees profit growth of 13%

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By The Drum Team, Editorial

August 23, 2011 | 2 min read

Chime Communications has announced a growth in operating profit of 13% for the first half of 2011.

The communications company, which owns Ptarmigan Bell Pottinger, VCCP and Pure Media, has reported that its operating profit rose to £14.5m between January and June, while its operating income was £78.4m, a growth of 10%.

The group reported a strong growth in advertising and marketing services, as well as Sports marketing, and said that ‘good returns’ were made on the acquisition of ICON and Golden Goal within its Sports Marketing Division.

Profit contributions were also expected from the acquisitions of Reynolds Mackenzie and LEC into OPEN Health.

Lord Bell, chairman of Chime Communications, commented: “These are impressive results achieved in an uncertain global economic and political environment which impacted some parts of our Group. Both the diversity and the overall strength of our Group enabled us to achieve growth for the twelfth successive set of results.

We continue to invest in those areas where we see opportunity and all our divisions have the fundamentals in place to perform well going forward. The global market and global economy are becoming increasingly volatile and we are not immune to this continuing lack of political, social and economic stability, particularly in our public relations business. However, our advertising business is gaining market share and our sports marketing business is well placed to become the global leader at a time when sports revenues are increasing.”

Bell Pottinger VCCP

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