Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Aegis logs rising Q3 revenues amid Dentsu takeover  Join our daily free Newsletter

MENAFN - AFP - 16/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - AFP) British-based media group Aegis posted rising quarterly revenues on Friday, boosted by a string of acquisitions ahead of the completion of its takeover by Japan's Dentsu.

Total revenues grew ten percent in the three months to September, compared with the same part of last year, and by 14.5 percent when stripping out the impact of exchange rate fluctuations, Aegis said in a trading update.

"Aegis produced another strong performance in the third quarter of 2012, with continued market-outperformance and sector-leading organic growth," added Aegis chief executive Jerry Buhlmann.

"Our strong business mix, supported by targeted acquisitions, gives Aegis a unique opportunity to deliver the integrated campaigns our clients require in the convergent media environment."

Aegis made a number of acquisitions and investments in the third quarter of 2012, including Catch Stone in China, Hablar in Japan, C2 in India, D2D and iSpy in the UK, W Garden in France, Irokeesi in Finland, and IQ Mobile in Austria.

Earlier this year, meanwhile, Japanese advertising giant Dentsu agreed to buy Aegis for 3.16 billion in a surprise deal that will create a new global player to compete against the likes of advertising titans Omnicom, Publicis and WPP.

"Dentsu and Aegis remain confident that the scheme will become effective on or prior to 28 February 2013," the British company added in Friday's statement.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help