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Omnicom Q3 net, revenues flat

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MUMBAI: Global media communications network Omnicom‘s revenues and net profit growth in the third quarter of 2012 was flat.

The company‘s net profit in the third quarter was $203.9 million compared with $203.7 million a year earlier. Its revenues in the third quarter were $3.41 billion compared with $3.38 billion a year earlier.

Omnicom‘s operating income increased by 3.72 per cent to $ 987.3 million in the third quarter from $373.4 million a year earlier.

The major chunk of contribution to the business was from advertising (46.6 per cent), followed by CRM (37.1 per cent), public relations (9.2 per cent) and specialty (7.1 per cent).

The company‘s revenues from the US for the third quarter of 2012 increased 3.2 per cent to $1.76 billion compared to $1.70 billion in the third quarter of 2011. Its international revenues decreased 1.7 per cent to $1.65 billion compared to $1.68 billion in the third quarter of 2011.

Omnicom‘s net income for the nine months ended 30 September increased 1.5 per cent to $691.2 million from $680.7 million in the same period in 2011. Worldwide revenue for the nine months increased 2.5 per cent to $10.28 billion from $10.02 billion in the same period in 2011. Domestic revenue for the nine months ended 30 September increased 4.2 per cent to $5.34 billion from $5.12 billion in the same period in 2011. International revenue for the nine months increased 0.8 per cent to $4.94 billion from $4.90 billion in the same period in 2011.

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