Aegis Group Swings to First-Half Loss

NEW YORK Aegis Group has reported a 9.2 percent decline in first-half revenue on a constant currency basis to $1.04 billion. That’s a 10.8 percent decline in organic terms, which exclude the impact of acquisitions and currency fluctuations.
 
The company’s generally down results followed the pattern of other agency holding companies recently reporting lower revenue and profits due largely to the recession.
 
Aegis suffered a loss of $652,000 for the first half vs. a profit of $55 million for the same period a year ago.