MDC Partners Inc., a Canadian-American advertising and marketing services company, reported higher profits in the latest quarter as the company generated a nearly 42% increase in revenues.
MDC said Thursday it earned US$1.3 million or four cents a share for the three months ended June 30. That compared with a loss of $5.8 million or 18 cents a year ago.
“We performed very well in the first half of the year, delivering solid financial results and setting us up to achieve our full year guidance,” said Miles Nadal, chairman and CEO.
“We’re gaining market share. Our pipeline of new business is robust. Our win rate is strong. And growth is broad across the portfolio of partner firms . . .”
Included in the MDC Partners’ network are Crispin Porter + Bogusky Canada, Veritas Communications, Henderson Bas and Kenna.
