Jack Morton operating profits down £4.4m in 2009

Jack Morton Worldwide recorded operating profits of £1.34m in 2009, compared to £5.7m in 2008, according to its annual accounts filed at Companies House.

Jack Morton Worldwide predict 60% revenue increase in Q4 2010
Jack Morton Worldwide predict 60% revenue increase in Q4 2010

The agency noted a drop in turnover to £38.4m in 2009, from £42.9m in 2008. Gross profit was £10.5m, compared to £11m in 2008.

However, it has rallied this year, according to managing director EMEA Julian Pullan, who told C&IT that revenues for Q4 of 2010 were 60% up on the same period last year.

He added that 2008 profit had been unusually high, because of £2.2m of credit from reorgamising the business.

"Operating profit after amortisation of goodwill was down by around £3m on 2008, but as reported at the time, 2008’s profits were raised by £2.2m from one-time exceptional inter-company credits relating to the UK group reorganisation which is now fully completed," said Pullan.

The number of staff employed by the agency increased to 82 in 2009 from 81 the previous year, while this year an extra 60 freelance staff have been taken on to deal with an increased workload.

Between now and Christmas, Jack Morton will create work for clients including Thomson Reuters, VMware, IBM, Swift, Wella, Toyota, Procter & Gamble, Hyundai and Sega.

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