Citigate Cunningham Back in the Black
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Citigate Cunningham Back in the Black

Citigate Cunningham, the high-tech public relations subsidiary of London-based Incepta Group, is back in the black, Incepta chairman David Wright told shareholders at the company’s annual meeting.

Paul Holmes

LONDON, July 5—Citigate Cunningham, the high-tech public relations subsidiary of London-based Incepta Group, is back in the black, Incepta chairman David Wright told shareholders at the company’s annual meeting. Citigate Cunningham had seen revenues decline steeply in 2001 as the downturn hit high-tech PR firms in the U.S. particularly hard.
 
Wright said the firm’s U.S. businesses, which also include Citigate Dewe Rogerson and Citigate Sard Verbinnen, had been trading “marginally ahead of budget, offsetting a weaker performance from our continental European operations.”
 
That good news was offset by the acknowledgement that “Overall visibility remains weak and this has been exacerbated by the recent sharp reduction in market and investor confidence. Current indications are that the expected modest second half recovery will be slower to materialize than originally anticipated.”
 
First half 2002 revenues for the holding company were about 10 percent down from the same period last year.
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