LONDON: Huntsworth, a holding company for PR and health marketing firms that underwent significant restructuring last year, reported $170.6 million* in 2009 PR revenues, about a 6% decline from the $182.3 million the discipline earned in 2008. Organic PR revenues declined 9%.
PR operating profit was $34.2 million, a 20% margin, slightly down from $38.3 million and a 21% margin in 2008. PR makes up 73% of Huntsworth's earnings.
Companywide, Huntsworth reported total 2009 revenues of $241.1 million, a less than 2% decline from 2008 figures. Organic growth declined 4.7%. Loss for the year was $13.2 ...