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WPP Reports Seven Percent Increase in PR Revenues for Q1

In addition to all the hubbub about Sir Martin Sorrell’s pay, WPP also announced its earnings for the first four months of this year. Overall, revenue is up seven percent in British pounds to £3.2 billion, up nearly five percent in U.S. dollars to about about $5.1 billion, and up nearly 11 percent in Euros to €3.9 billion. Profits and operating margin are ahead of the budget.

PR and public affairs revenue was up seven percent. WPP PR firms include Ogilvy PRBurson-Marsteller, and Hill & Knowlton.

The company says 2012 is shaping up to be much like the previous two years but with less like-for-like growth. And 2013 looks to be even more challenging with the slow down in Europe and trouble on the horizon involving Iran. For more on the quarterly earnings, click here.

The company has also released its sustainability report for 2011. More about that here.

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