Source - SMW
M&C Saatchi has lifted its H1 pretax profit by 19% to £11.4m, from £9.6m, with revenue up 15% to £100.2m, from £87.5m.

Dividend was 1.85p a share, from 1.61p.

"Momentum across the Group remains strong, producing positive revenue and earnings growth over the first six months of 2016," said CEO David Kershaw.

"We are well positioned and see significant opportunities from our breadth of offer in the fastest growing segments.

"The second half has started well with trading in line with expectations. We continue with the proven strategy."

HIGHLIGHTS:

- Successful first half with strong revenue momentum and earnings growth

- Global Network performed mostly very well: UK: like-for-like revenues down 1%; Europe: like-for-like revenues up 12%; Middle East and Africa: like-for-like revenues up 19%; Asia and Australasia: like-for-like revenues up 5%; Americas: like-for-like revenues up 27%, constant currency revenues were up 93%

- Net borrowing of £8.5m following equity investments in New York

- Interim dividend increased 15% to 1.85p .






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