WPP reports record profit growth despite ‘strong currency headwinds’

WPP, the world’s largest advertising group, and owner of MediaCom parent GroupM, has reported a record pre-tax profit of £1.45 billion (A$2.85b) in the 12 months to December 31, a rise of 12 per cent on the previous year.

Revenue climbed 4.6 per cent to £11.5b (A$22.7b) with “like for like revenue growth in all regions”.

The strong performance came despite what it described as “strong currency headwinds”.