STW profits rise

Tim Burrowes

February 10, 2011 2:53

Advertising and marketing group STW has announced a positive set of results for the 2010 financial year including a profit increase of more than 10%.

The company’s earnings before interest, taxation depreciation and amortisation was $69.4m, up 10.5% on 12 months before.

STW’s agencies and companies (some of which it is only a part owner) include Badjar Ogilvy, DT Digital, Howorth, Ikon Communications, JWT, Ogilvy, Mindshare, The Brand Shop, Spinach and Tongue.

STW’s CEO Mike Connaghan said: “As anticipated a year ago when we said our businesses were poised to capitalise on improved trading conditions in 2010, we have indeed seen a pleasing return to growth across the board.”

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.