2 Mar 2012

Record profits reported by advertising group

11:26 am on 2 March 2012

The world's largest advertising group has posted record profits. WPP earned $US1.6 billion last year, up 18% on 2010.

Strong growth in Asia and Latin America helped the company to boost its revenues. Even in Europe, sales appear to be holding up.

WPP chief executive Sir Martin Sorrell says the London 2012 Olympics, European football and the US presidential election promise another lucrative year.