The company made forecasts in August when it placed interim results that it would not see any upturn in the second half and that full-year underlying profit would be in line with market expectations.
It has been carrying out a cost reduction programme throughout the year.
The results include the business of Synovate and Aegis Media. The latter has recorded year-to-date net new business wins of $2.4 million, including Kellogg’s, Beiresdorf and Nokia.
Taking account of the effects of currency movements and acquisitions, group organic revenue dropped 10.8% year on year. The split was 10.4% at Aegis Media and 11.5% at Synovate.
Full group revenues for the nine months were £36.7m. Chairman and interim CEO John Napier says: “Our strategy to perform resiliently in a downturn has continued to deliver and we are pleased to confirm further progress in a difficult and challenging market environment.”