WPP Full-Year Profit Rises

reported an increase in its profit for the full year. The company's net profit surged 15% to GBP1.08 billion ($1.63 billion) in the year, while EPS climbed 15.7% to 80.5 pence. Pre-tax profit rose 12% to 1.452 billion pounds versus 1.296 billion pounds. Headline profit before tax gained 3.7% to 1.513 billion, while headline EPS surged 5.1% to 84.9 pence. Revenue gained 4.6% to GBP11.53 billion, while revenue climbed 9.9% in dollar terms to $18.956 billion. In 2014, WPP's comparable net sales climbed 3.3%. WPP projects like-for-like sales and net sales to rise over 3% this year. WPP shares fell 1.32% to close at $115.47 on Friday.