Print Published 6th Nov 2017, 21:00

MDC explains its $17.8m “other income”

The Canadian marketing group MDC Partners has confirmed that the $17.8 million gain included as “other income” in its financial results for the nine months to 30 September was indeed an unrealised gain derived from currency movements on borrowings and inter-company funding, as this publication had speculated (see MDC boosts profit with $17.8m unexplained income).