May 2013 Issue

Battle of the Brands

Breakfast at Tiffany's or the Red Carpet With Harry Winston?

Diary of a CMO

Subscribe
Archive

Subscribe

Archive	Login \| Register

Technology Is Changing the Way We Market—and Spend

Banking on Customer Experience Management

40 Under 40: 2013 Call For Entries Now Open!

September 11, 1998

MSGI Reports Record 4Q Results

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.