Interpublic profits drop 3.1% to $105.5m

Interpublic (IPG), the world's fourth largest advertising group, has become the first of the big four to reveal a drop in second quarter profits.

Michael Roth: chairman and chief executive of Interpublic
Michael Roth: chairman and chief executive of Interpublic

IPG yesterday unveiled a 3.1% year-on-year drop in second quarter net income to $105.5m (£67m).

Its figures follow better results from Omnicom, with net income up 2%, and Publicis Groupe, with pre-tax profits up 19.6%. WPP is set to report its second quarter results in August.

IPG, which owns McCann Erickson and DraftFCB as well as media networks Universal McCann and Initiative, was hit by a 3.7% decline in revenue in its home turf of the United States to $950.8m.

International revenues rose 1.6% to $764.8m, but overall revenues fell 1.4% to $1.72bn.

Michael Roth, chairman and chief executive of Interpublic, said: "The global economic situation remains uncertain, which will require vigilance.

"We are nonetheless targeting stronger growth in the second half, in order to achieve our full year 2012 objective of 3% organic revenue growth."

The group’s second quarter organic revenue growth was 0.8%.

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).