LONDON: Grayling's revenue dropped 1% on a like-for-like basis in the first half of the year to approximately $67.3 million. The agency earned an operating profit of $13.6 million in the first half of 2012.
Grayling, which accounted for 49% of parent company Huntsworth's group revenue, maintained operating margins of 20.2% in the first half and saw a 30% improvement in profitability, according to an earnings statement.
Grayling CEO Michael Murphy said last month that he will step down from ...