Latest quarterly figures from Omnicom show falls of over $100m in net income since final quarter of 2012
Figures released by the Omnicom Group have shown a fall in the diluted net income per common share price, net income and worldwide revenue since the final quarter of 2012.
Figures: The Q1 figures from Omnicom showed falls
The group - which owns TBWA, DDB and BBDO - reported a fall in net income of over $100m in Q1 of 2013, from $307.1m in the final quarter of 2012 to $205.1m.
Although the diluted net income per common share price rose in the first quarter of 2013 by 5.6 per cent year-on-year to $0.76, it was a sharp fall from the Q4 figures for 2012 which reported it at $1.13 per share.
The quarterly numbers revealed a 2.8 per cent year-on-year increase in worldwide revenue to almost $3.4m, while domestic revenue growth was slightly higher at 4.2 per cent, taking the figure to $1.791.6m. However, the figures still represented a drop from the final quarter of 2012, which reported worldwide revenue at $3,944.5m and domestic revenue at $2,026.6m.
The global marketing and corporate communications company provides a range of services through its branded networks and agencies worldwide, including advertising, media planning and buying, digital marketing, direct marketing and PR.
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