Media giant Omnicom have announced a rise in pre-tax profits of $482 million (£316.7 million) in the three months to the end of June 2013, up 2.3% on Q2 in 2012.

The group, which owns digital agencies OMD and PHD, revealed net income and revenue grew 2% to $289.5 million and $3.63 billion, respectively.


Described as 'modest' figures by AdWeek, international revenue (including the UK) was $1.73 billion during the second quarter, an increase of 1.9%  from $1,733 million in the 2012. Global revenues in the first half of 2012 was $7.04 billion, up 2.4% year on year, while international revenue was $3.34 billion between 1st January and 30th June, up 1.6% on 2012.

Omnicom's results pale in comparison to rival Publicis, who yesterday posted a 15% surge in profits for the same quarter.
"Right now we're in the process of reforecasting for the second half and we're not quite done with that process. But we haven't seen any major swings in attitude from what we've previously forecasted," said  CEO John Wren, speaking to AdWeek.
CFO Randy Weisenburger added that Omnicom is "certainly more comfortable with the full year than we were—well, I guess we've always been comfortable with it. But it's certainly encouraging to see how this quarter came out."