Dentsu profits recover from tsunami
By Daniel Farey-Jones, campaignlive.co.uk, Monday, 06 August 2012 12:22PM
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.
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
- Senior Marketing Manager Cutis Developments £50,000 - £60,000 per annum , Victoria, London (Greater)
- ACCOUNT MANAGER Live Recruitment £25000 - £30000 per annum + Bonus + Benefits, West Midlands
- Digital Operations Director - Display, Video & Mobile Ultimate Asset £60000 - £70000 per annum + Benefits + Great Agency Culture, City of London
- Product Manager Brand Recruitment Competitive basic plus excellent benefits , Ipswich
- Junior Account Manager / Account Manager / Account Executive Royds Raphael £25k-£28kk+neg, London