WPP reports like-for-like revenue drops 6.7%
LONDON: The WPP Group reported today, June 2, that like-for-like revenue, excluding the “impact of acquisitions and currency fluctuations,” decreased 6.7% for the first four months of 2009.
Reported revenue rose 34% for the same period, although April fared worse than the first quarter of 2009, according to a statement released at the holding company's annual general meeting in Dublin.
It also noted that the PR, public affairs, and branding identity units had been affected although not as ...