MAM
Omnicom Q2 net up 2.8% to $282.7 mn
MUMBAI: Global media communications group Omnicom has posted a net profit of $282.7 million for the second-quarter of fiscal 2012. The net profit has rose 2.8 per cent as compared to $275.1 million it witnessed in the year ago period.
The company saw a 5.4 per cent revenue growth ($1.86 billion) in the domestic market, while its international revenues fell by 1.3 per cent ($1.72 billion) during the quarter. Overall revenue during the quarter increased 2.1 per cent to $3.56 billion (from $3.49 billion in the year ago).
Omnicom owns BBDO Worldwide and DDB Worldwide agencies. It also acquired a number of firms involved in public relations, licensing or market research to spur growth.
It made two acquisitions during acquisitions in the second quarter. It took charge of London based communications, public affairs and international affairs consultancy Portland along with another London based agency adam&eve.
