STW profits rise
Advertising and marketing group STW has announced a positive set of results for the 2010 financial year including a profit increase of more than 10%.
The company’s earnings before interest, taxation depreciation and amortisation was $69.4m, up 10.5% on 12 months before.
STW’s agencies and companies (some of which it is only a part owner) include Badjar Ogilvy, DT Digital, Howorth, Ikon Communications, JWT, Ogilvy, Mindshare, The Brand Shop, Spinach and Tongue.
STW’s CEO Mike Connaghan said: “As anticipated a year ago when we said our businesses were poised to capitalise on improved trading conditions in 2010, we have indeed seen a pleasing return to growth across the board.”
Tim Burrowes founded Mumbrella in 2008. He worked on Mumbrella until 2021. At various points he was editor, content director and editor-at-large. He returned to Mumbrella as Publisher in January 2025
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