MSGI Reports Record 4Q Results

Share this content:
Marketing Services Group Inc., New York, announced this week record annual earnings before taxes, depreciation and amortization of $885,429 for the fourth quarter and $906,299 for the fiscal year ended June 30, as well as substantial revenue gains. Revenue increased 129 percent in the fourth quarter to $18.2 million and was up 119 percent to $51.1 million for the year. Net income was down 2.5 percent to $350,374 for the quarter while the company incurred a net loss for the year of $780,478, an improvement of $4.5 million over 1997. Earnings per share declined 67 percent from 3 cents to 1 cent for the quarter, but improved 87 percent for the year from a loss of $2.85 in 1997 to a loss of 37 cents in 1998. MSGI chairman/CEO Jeremy Barbera attributed the gains to the repositioning of the firm as an integrated marketing services company offering direct and database marketing, telemarketing, e-commerce, media buying and fulfillment.
close

Next Article in Data/Analytics

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above