Sorrell's S4 Capital posts 19.4% rise in like-for-like gross profit
|03/25/2021 | 02:29am|
LONDON (Reuters) - Martin Sorrell's digital ad group S4 Capital reported a 19.4% rise in like-for-like gross profit in 2020, and said the strong growth had continued into 2021, with like-for-like January gross profit well ahead of budget.
The company, which has major contracts with Google, BMW/MINI and Mondelez, said on Thursday that gross profit rose to 295.2 million pounds ($403.8 million). Billings rose 43.4% on a reported level and 19.6% on a like-for-like level to 653.4 million pounds.
($1 = 0.7311 pounds)
(Reporting by Paul Sandle; editing by James Davey)