Multinational advertising giant WPP has reported an 8.3 per cent increase in profit before deductions for its PR and public affairs division to £65m ($108m), up from £60m ($99m) in the same period last year.
The figures were released in WPP’s interim 2014 financial reports, published this week.
Steady growth in the UK and North America saw a 3.5 per cent net sales increase in the second quarter to £221m ($366m).
WPP’s public relations and public affairs businesses, including Chime Communications, Burson-Marsteller and Cohn and Wolfe contributed to public relations and public affairs enjoying the highest margin of WPP’s four business streams at 15 per cent, up from 13.2 per cent last year.
However, WPP’s overall financial performance was hampered by the recent rise in the value of sterling against other currencies.
Speaking to the BBC, WPP founder and chief executive Martin Sorrell said: “The strength of sterling has ravaged… our revenue figures and profits figures on a reported basis… but when you look at our underlying [performance] it’s very strong”