DUBLIN: Advertising and public relations group Ogilvy & Mather saw its net profit climb 54 per cent to €1.45 million at its Irish operations last year, as its revenue grew and costs fell.
The group, which includes Wilson Hartnell public relations and advertising agency Young & Rubicam among its subsidiaries, recorded revenues of €18.9 million in the year, up 8.5 per cent on the year before.
Its operating profit swelled 66 per cent to €1.65 million, accounts filed to the Companies Office show. The group employed 97 people last year, down from 105 the previous year and 110 in 2013.
“The group experienced considerable pressure to maintain value over the last few years of trading,” the directors state in a report accompanying the accounts. A “right-sizing” of the organisation and a streamlining its operations has allowed it to grow its operating profits, it said. “However, revenue growth continues to be a challenge.”
