Chime posts strong first quarter results

Chime Communications, holding company for marketing services agencies, including Vallance Carruthers Coleman Priest, has posted first quarter pre-tax profits up 18% year-on-year.

The pre-tax profits came in at £4.8 million and operating income rose 13% for Q1 year-on-year.

Chime has issued the figures in an interim management statement and they contrast with Q1 results from other marketing services companies such as Interpublic, WPP, Publicis Groupe and Omnicom, which were all reported recently.

Lord Bell (pictured), chairman of the group, says: “The Group’s financial position continues to be strong, we are cash positive and there have been no material events or transactions affecting the Group.”

Chime Communications recently lost out in the battle for the appointment to handle marketing for the London 2012 Olympics. The eventual winner was McCann Erickson.

However, the company stressed it was still involved with London 2012 in a number of ways including handling sponsorship for two Tier One sponsors.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here