Dentsu profits recover from tsunami
Dentsu, the Japanese advertising group that is buying Aegis, has unveiled an improvement in its financial fortunes with a nearly fourfold rise in net income.
Tadashi Ishii: president & CEO of Dentsu Inc
Japan was hit by a major earthquake and tsunami in March last year, posing a major challenge to Dentsu, given it makes around 85% of its revenues in the country.
Net income for the quarter ended 30 June, its first financial quarter, rose from 1.3 billion yen last year to 5.9 billion yen (£43.3m).
Dentsu claimed demand for advertising "showed a strong upturn as the market rebounded from the effects of the devastating earthquake and tsunami".
Operating income from activities outside Japan rose 27% to 590 million yen (£4.8m).
Overall gross profit climbed 12.2% to 76.5 billion yen (£628m).Follow @DanFareyJones
This article was first published on campaignlive.co.uk
Latest jobs Jobs web feed
- Account Director- Exciting Online Content Marketing Company- Up to £70,000 plus OTE Cedar Scott Up to £70,000 basic (up to £90,000 OTE) plus share options, Central London
- Category Manager Pearson Competitive salary & performance related bonus & benefits, Central London
- Global Product Manager Evans Taylor c£50k - c£60k p.a. plus car, bonus and benefits, North East of England or Central London
- Retail Marketing Manager - Maternity Cover Tottenham Hotspur Football Club Up to £35,000 pro-rata, Tottenham and Enfield
- Brand Manager Radisson Blu Edwardian, London Competitive , South Kensington, London
- ACCOUNT DIRECTOR/SENIOR ACCOUNT DIRECTOR - BTL/SP/Brand Experience - London - £45 - £55k plus bonus Judi Patton £45K-55K plus bonus, London/Greater London
Integrated digital marketing offers huge opportunities to engage, servic...
Mobile marketing is coming of age, and the pace of change is now exponen...
With UK consumers spending an average of £1,083 a year online, int...
Conversational Mobile Marketing: Engage Customers and Empower Advocates (Expert Reports) External website
The pressure is on for marketers and mobile operators to embrace a strat...
As a nation, the UK is media and technology obsessed with over half of t...
All customers have the potential to become your brand advocates, driving...