Print Published 31st Oct 2017, 21:59

MDC boosts profit with $17.8m unexplained income

The welcome financial recovery during 2017 of the Canadian based marketing group MDC Partners has been boosted by an unexplained item of “other income” totalling $17.8 million.

When a similarly unexplained item of $9.2 million appeared in the group’s half-year accounts Marketing Services Financial Intelligence was told that most of it related to unrealised gains from the translation of US assets into Canadian dollars.