LONDON: WPP Group Plc expects another bleak year as advertisers nervously ponder the drumbeat of war and economic slowdown, but the world’s biggest advertising group is sticking by hopes for a recovery in 2004.
Traditionally one of the more cautious voices in the industry, WPP chief Martin Sorrell said the company's profits tumbled 19% in 2002 and warned that this year would show little revenue improvement in one of the worst downturns on record.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
