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Communications

Chime Communications reports pre-tax profit growth of 16% for 2011

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By Stephen Lepitak, -

March 7, 2012 | 2 min read

Chime Communications, which owns communications businesses such as VCCP, Bell Pottinger and Good Relations, has announced an increase in pre-tax profits for 2011 of 16%, growing to £24.7m.

The group also revealed an increase in operating income of 10% and a 15% increase in operating profit to £25.5m.

Meanwhile, the start of 2012 has included share acquisitions youth marketing company Rough Hill (60%) and Singapore data analytics firm StatAgile (40%). Also acquired were sports based graphic and digital design business McKenzie Clark, sporting events management company iLUKA and Succinct.

Lord Bell, chairman of Chime Communications, commented: “In 2011 Chime has had its seventh successive year of growth in operating income, operating profit and margin. We think this is an impressive achievement given the difficult economic conditions in 2011. The Group is well positioned for the future with a very positive year ahead for Sports Marketing in particular. We are making four earnings enhancing acquisitions which will continue to strengthen our offering in growth markets.”

The company has also allowed its chairman, deputy chairman and members of senior management the opportunity to acquire some of its PR division.

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