Dentsu reports flat Australian revenues as global profits slump

Dentsu Aegis Network’s Australian revenues were flat as parent Dentsu Inc reported a first quarter profit slump due to the advertising giant’s continuing crack down on employee overwork in its home operations.

The Japanese behemoth claimed efforts to reform its “work environment” caused a 13 percent fall in the company’s operating profits against Q1 last year.

Dentsu CEO Toshihiro Yamamoto: “The operating environment remains challenging.”