Print Published in 2002

Gloomy profit predictions from Chime and WPP

WPP Group and Chime Communications have warned that revenue and profits for the current year are likely to fall short of earlier expectations, although Aegis Group is hoping for some revenue growth. Incepta Group reported “indications of tentative recovery” when publishing its results for the year to February after suffering a substantial drop in profit margins and writing off about £10 million on restructuring costs and impaired goodwill.