Dentsu (JP:4324) has released an update.
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Dentsu Group Inc. reports a turnaround with Q2 FY2024 net revenue growth of 11% year-over-year and a 47.9% increase in underlying operating profit, resulting in a 290 basis point improvement in operating margin to 11.5%. The company’s ‘One dentsu’ strategy contributed to growth across all regions, with an interim dividend of 69.75 yen per share announced and a reaffirmation of the full-year dividend projection of 139.50 yen per share. Despite an impairment loss affecting statutory net profit projections, Dentsu maintains a positive outlook with robust organic growth and effective cost management.
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