The Week: City News - M&C revenue hits £104m

M&C Saatchi has reported like-for-like revenue growth of 11 per cent to £104.4 million for 2008, with headline operating profit up by 34 per cent to £13.7 million.

Headline operating margin increased to 13.2 per cent from 11.7 per cent and trading in the first quarter of 2009 was in line with expectations. In the UK, revenue grew on a like-for-like basis by 8.4 per cent to £60.3 million, once the acquisition of Clear Ideas in 2007 was included.