Freud Communications profit soars

City A.M. Reporter
Freud Communications bucked the recession with a 28 per cent increase in pre-tax profits to £6.7m last year.

Annual accounts for the PR agency, which is majority-owned by French advertising giant Publicis Groupe, show revenues rose 23 per cent to £33 million.

It is understood that significant growth at teh firm run by Matthew Freud, came from corporate reputation management.

Leading clients were Asda, The London Organising Committee of the Olympic Games and Pepsi Co.