The World: Sydney - Photon Group bosses reap rewards of profitability

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Tim Hughes, the Photon Group executive chairman, saw his remuneration package increase by 172 per cent in the last financial year, according to reports.

The rise, which works out at $365,443, came as the marketing services group, owner of Britain's Naked Communications, reported record profits of $21.7 million, a growth of 33 per cent on the previous year. The announcement followed a number of local and overseas acquisitions and the start-up of 11 businesses. Photon's chief executive, Matt Bailey, also won himself a rise, an increase of 36 per cent, taking him to $899,251, excluding share options.

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