Chime Communications plc has announced record half-year profits in defiance of the recession. The marketing services group’s profits were up 3% to £9.4 million for the six months to the end of June.
Chime’s chairman Lord Bell said:
“Having delivered the highest profit in our history we have outperformed the market and our competition and achieved first half results ahead of expectation.”
Public relations continues to be the group’s largest division at 55% of operating income (2008 full year: 55%). Advertising and marketing services was 40% (2008 full year: 39%) and research was 5% (2008 full year: 6%).
Chime’s public relations consultancy business is Bell Pottinger Group, comprising Good Relations, Harvard, Insight and Corporate Citizenship.
The company reported that less good performance in public affairs, financial public relations and technology public relations was offset by strong performance in geopolitical, corporate and social responsibility, the Middle East and consumer sectors.
Chime Communications plc interim results.