Publicis Media profits down 19%

Pretax profits at Publicis Media dropped 19 per cent to €696,116 last year as turnover decreased by 5.4 per cent to €94.2m in the year to the end of June 2010, accounts filed with the Companies Office indicate. A report in today’s Irish Times claims the results show that operating profit fell by 40 per cent to €970,650.

Alan Cox, Core Media

Publicis Media chief executive Alan Cox, a leading figure in Irish advertising

No dividend was paid out but shareholder funds expanded by almost €600,00 to €3.55m. Net debt amounted to €12.5m, up slightly on the €12.38m for the previous year. Staff numbers increased from 58 to 67. The group’s ten directors shared payments, including pension contributions, of €1.4m last year, up €25,000 on 2009.

In a directors’ report, issued in May of this year, it was stated that the group “will continue to operate at its present activity level in the ensuing year”. Accounts filed for Publicis QMP, showed that revenue was down slightly last year to €25.3m, while agency profits jumped dramatically from €86,305 to €361,504.

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