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Two more industry holding companies reported 2011 results, posting increases thanks to contributions from emerging economies, digital operations and the continued willingness of cash-rich Western multinationals to invest in their brands despite challenges like the Eurozone crisis and its global financial ramifications.
WPP Group, the world’s largest holding company, said 2011 was a record year with profits soaring 43 percent year-over-year to $1.46 billion and an 11 percent increase in revenue to $16.05 billion.
Asia, Latin America, Africa and Central Europe were the best performing regions for WPP, which is headquartered in Dublin.
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