A person walks through the reception of the M&C Saatchi office in central London, Britain, January 6, 2022. REUTERS
Nov 24 (Reuters) – British advertising group M&C Saatchi on Monday lowered its profit and revenue outlook for the year after the U.S. government shutdown hit a significant business for the company during the fourth quarter.
The ad group now expects like-for-like net revenue decline of around 7% for the year, with operating profit between 26 million pounds and 28 million pounds ($34 million and $36.7 million).
Reporting by Ankita Bora in Bengaluru; Editing by Mrigank Dhaniwala
