MDC Partners Suffers Q2 Loss

ATLANTA MDC Partners today reported a second-quarter net loss of $964,000, or 4 cents per share, on a 45 percent increase in revenue to $109 million, compared to the same period a year ago.

MDC said its operating expenses in the quarter rose 52 percent to nearly $105 million compared to Q2 2004, but the company did not detail the expenditures.

For the first six months of the year, the Toronto-based company said it has lost $5.1 million, compared to a profit of $13 million during the first half of 2004

Almost all of the company’s Q2 revenue the increase came from its marketing communications division, which includes ownership in ad agencies such as Crispin Porter + Bogusky in Miami, and New York shops Cliff Freeman and Partners and Kirshenbaum Bond + Partners.

MDC in March bought a 60 percent stake in Atlanta-based consultancy Zyman Group.